yesterday from Paul Gardner(Avenue Investment Management) and Dennis Mitchell (Sentry Investment). GLTA

 

2012-11-27 BUY TCN-T Tricon Capital Group

Own Canadian and US assets. Aggressively going into US residentials and buying tracts of housing that was in default. A very vibrant market in the South because if you have the funding, you are getting rental rates with a 9% yield unlevered. Likes management. Has more room to grow.


Price:
$5.960
Subject:
FIXED INCOME, LARGE CAP DIVIDENDS AND REITS
Bias:
UNKNOWN
Owned:
Yes

 

 

2012-11-27 BUY TCN-T Tricon Capital Group

Have a fund that goes to the US to buy single-family homes which would participate in the US housing recovery. Also, have several funds outstanding that own commercial real estate in both Canada and the US. Just by closing some of these funds and getting the fee streams on, he expects their  EBITDA to double over the next couple of years.


Price:
$5.960
Subject:
REITs, UTILITIES & INFRASTRUCTURE
Bias:
UNKNOWN
Owned:
Yes