SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Value Investing
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Grommit who wrote (63657)5/5/2021 12:39:45 PM
From: Paul Senior1 Recommendation

Recommended By
petal

  Read Replies (2) of 78956
 
MNR==>EQC. MNR was my favorite net lease r.e. company for warehousing/distribution centers (e.g. they're pretty good with AMZN). I sold my shares because the dividend yield became unattractive to me. Grommit pointed out that MNR "related transactions / investments in other reits" was a concern to him. Also that MNR had bought into such businesses in which MNR directors were involved.

A year later now, Equity Commonwealth (EQC) has today announced that they are acquiring MNR. I've had my eye on EQC because it's run by Sam Zell and consists almost entirely of cash(or cash equivalents or something) as it awaits Mr. Zell's avowed purpose to pounce on undervalued real estate properties (companies). EQR is purchasing MNR for all stock, so the $3Billion (per Yahoo) war chest is still intact.

I'm in today for a small EQC position. I'm happy (well, as of today anyway) to get back into MNR to see what Mr. Zell will do with it, and to ride with Mr. Zell and his $3B.

finance.yahoo.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News