You are so right. The deal is dead. OB bought 10000 shares today and we all know he is a masochist.
There is no plan b nor anyone to create one. So it is the merger deal or the one trick pony. Have you seen the condom? Taint user friendly.
I agree. Mgt is long term in its outlook. Years from now they can point to this period and brag about their resolve to be an external mgr that is firmly on the side of shareholders.
Right on!! THE STINK!! I will hold my nose right to the bank. Maybe a dividend cut? Lets hope that dividends are a function of cad and not the NRF stock price. I am thinking the cad payout ratio will be around 75% after the buyback.
I am forecasting a dividend/cad ratio below 80% and heading lower after the buyback. For the long run, steady dividends is what the reit investors vaule most.