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DRUNF - Blackstone Wants To Buy Our Best-Performing REIT Dream Global
DREAM Unlimited Corp
All amounts are disclosed in Canadian Dollars
When we last touched on Dream Global (DUNDF) at the beginning of the year, we had maintained a bullish bias with the intention of adding more should it decline.
At $11.70 CAD, the stock now looks about 10% undervalued to us. Yes, there are risks in the European market but there are also potential rewards. We bought the stock back and expect to hold for the dividends for the foreseeable future. Should the stock retrace another 10%, it would become a rather compelling buy and we