Q: Hello,
Thanks for all that you do.
CAP REIT has had a good run and is near my price target of $56. Do you think it still has room to run? If not, would you advise selling and picking up some VRN, or are any other beat up companies looking more attractive (I'm indifferent to the sector, but would prefer to stay away from consumer discretionary).
Thanks!
Thanks for all that you do.
CAP REIT has had a good run and is near my price target of $56. Do you think it still has room to run? If not, would you advise selling and picking up some VRN, or are any other beat up companies looking more attractive (I'm indifferent to the sector, but would prefer to stay away from consumer discretionary).
Thanks!
5i Research Answer:
We consider CAR.UN to be one of the best REITs, and with interest rates heading lower we think it probably has some more room to go. We would see not particular reason to sell and switch to a more cyclical company such as VRN.