ONL - Orion Office REIT: 75% Discount To NAV What You Are Missing
2024-06-13 11:46:16 ET
Summary
- Orion Office REIT is trading at about 25% of the estimated NAV.
- We have had Sell and Strong Sell ratings on this in the past.
- We tell you why we are doubling down on our Sell rating this far below the estimated NAV.
Everyone loves a bargain. When you see signs for 75% off, you will get extra interest. With retail sale prices, you sometimes don't know the real value. The retail price (or sometimes just the "suggested retail price"), is rarely an indicator of what anyone would pay for the item. Yet, it anchors you into believing that you are getting something for cheap, that is not actually cheap....
Orion Office REIT: 75% Discount To NAV, What You Are Missing