Q: Hello,
Which one of these is a better buy and why? Purchase it in RSP or investment account? It appears that mrg.un is cheaper from a P/B value point. THANKS.
Q: Further to Edward's Q about reits with US holdings, I might suggest MRG.UN. It may be a tad pricey at the moment (I just sold mine, moving into the commercial side with HOT,UN and HR.UN) but I think the dividend is safe.
Q: Over the last 5+ trading days MRG.UN has been moving down from a recent 52 week high ($13.65). Today MRG.UN closed at $12.95 and moved below its 50 day moving average. As well, recent daily trading volumes are frequently higher than their average volume. Today for example, the volume was well over two times the norm, albeit the average daily volume is only about 26,500. I also noticed late today - on the TMX site, that RBC appears to be doing the majority of the selling of this stock. I would appreciate your thoughts re this REIT. I hold 2000 units that I purchased at $10.00 several years ago. I SO appreciate your expertise. Thanks.
Q: Can you give your opinion on MRG.un. The recent quarterly generated a nice pop in the stock, but debt is higher than I like. POR is excellent. Yield is good, and distribution is mostly ROC. But I'm not sure how much growth there will be?
Do you expect them to grow the stable of assets and the cash flow very much?