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(Market Call Minute) Canadian company owning US real estate. He prefers others listed in New York.
(Market Call Minute) Canadian company owning US real estate. He prefers others listed in New York.
(Market Call Minute) Prefers UK REITs to UK Banks at this point in the cycle. The UK is ready to lower rates to stimulate the economy.
(Market Call Minute) Prefers UK REITs to UK Banks at this point in the cycle. The UK is ready to lower rates to stimulate the economy.
(Market Call Minute) There was an overreaction when oil got below $40. It will be a challenge to figure out if they will stabilize occupancy by lowering rents.
(Market Call Minute) There was an overreaction when oil got below $40. It will be a challenge to figure out if they will stabilize occupancy by lowering rents.
He likes this. It has pulled back a little on some UK concerns. About 12%-14% of their business is UK. They had to walk away from a UK acquisition they were going to make, which was mildly accretive. He still sees it growing at 9% compounded annually over the next couple of years. Trading at 17X, so it is not cheap, but its 5-year average is around 22X. Very good balance sheet. Dividend yield of 3.8%.
He likes this. It has pulled back a little on some UK concerns. About 12%-14% of their business is UK. They had to walk away from a UK acquisition they were going to make, which was mildly accretive. He still sees it growing at 9% compounded annually over the next couple of years. Trading at 17X, so it is not cheap, but its 5-year average is around 22X. Very good balance sheet. Dividend yield of 3.8%.
This company can’t get out of its own way. Department stores have been weak over the past year. Although this company has done pretty well in Canada, and has done well in Germany, their US operations have not been good. It has been very tough to value year-over-year. His sum of the parts valuation is $26.05, and he thinks this number is probably conservative. Excellent management. If you are patient, he thinks you will be rewarded.
This company can’t get out of its own way. Department stores have been weak over the past year. Although this company has done pretty well in Canada, and has done well in Germany, their US operations have not been good. It has been very tough to value year-over-year. His sum of the parts valuation is $26.05, and he thinks this number is probably conservative. Excellent management. If you are patient, he thinks you will be rewarded.
This has about an 83% payout ratio with a dividend yield of about 6%. They missed on their top line in Q1, but are guiding to a stronger 2nd half. The balance sheet is a little stretched at 3.7X net debt to EBITDA. Thinks this is one that you could own here. Dividend yield of 5.7%.
This has about an 83% payout ratio with a dividend yield of about 6%. They missed on their top line in Q1, but are guiding to a stronger 2nd half. The balance sheet is a little stretched at 3.7X net debt to EBITDA. Thinks this is one that you could own here. Dividend yield of 5.7%.
This is one of these companies that you have to own. It has had a big move, so wait for a down day in the market. In the meantime, write a Put at around $28-$29 between now and January, and you get paid $1-$2 a share, and hopefully you end up getting a hit.
This is one of these companies that you have to own. It has had a big move, so wait for a down day in the market. In the meantime, write a Put at around $28-$29 between now and January, and you get paid $1-$2 a share, and hopefully you end up getting a hit.
