As a long term value investor, I rarely make trades but this was an arbitrage trade I couldn’t pass up. I had no intentions to sell $SGR-UN. It was one of my favourite holdings and I knew how valuable their properties were. So when they announced the dividend suspension that sent the stock tumbling, I was rushing to buy more shares. Why? Because this was a rare occurrence where we saw a complete disconnect between what these real estate holdings were worth and what the market was pricing them at. It was only a matter of time before someone out there with deep pockets swooped in with a buyout offer. And honestly, I didn’t expect it to happen this fast. What a day! Happy investing, @deepvalueshark
