As can be seen, it was recommended yesterday by Ben Cheng of Aston Hill Financial. It's also interesting to note that when Denis Mitchell first recommended the stock, he suggested that it was worth about $5.50 but when he came on a few months later he was recommending it when it was nearly $6.00 and stated that he was the largest shareholder. Both of these analysts have good track records so it speaks well for the future prospects of TCN. GLTA
| TCN-T || || 2012-12-12 || BUY || Ben Cheng || |
Quite active in the bay area of San Francisco. Have also been active in southern Florida and are looking to expand to the Carolinas and other areas in the US. A company that is doing one of the few arbitrages left in US real estate. They are able to buy US residential rental properties with no leverage and get a return on their capital in the high teens.
| Price: |
REITS, INCOME STOCKS & HIGH YIELD BONDS
| || TCN-T || || 2012-11-27 || BUY || Dennis Mitchell, CFA || |
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: |
REITs, UTILITIES & INFRASTRUCTURE