June 14, 2021

On Monday the S&P 500 was up 0.2% while Toronto edged up 0.1%.

Apple was up 2.5%. Shopify was up 4.5%.

Toll Brothers was down 2.3%.

With the Melcor REIT down at $6.90 this morning I bought a few more shares. It’s certainly not a high return entity. But it seems under-valued and should benefit from the reopening of the economy in Alberta. A distribution increase is certainly possible although managements tend to be quite conservative in that regard.

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