Interestingly those 2025 bonds last traded on market at just 2.45% !
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Nah, enough doom and gloom already...but I do have a great "new" idea...we can invert this yield curve even further and get people to lend SUM hundreds of millions of dollars interest free for 7-10 year terms and then charge them 25% redemption fee at the end...oh hang on a minute, we do that already :)
Tomorrow will be the day we see 6 bucks again
No worries
Assuming the Trumpet doesn't have some new dumb idea overnight, $6 looking good. Marketscreener 5 analysts consensus slightly up to $6.83. Forbar on record target $7.10.
As interest rates drop away and buyer enthusiasm picks up in property markets, the malaise surrounding Villages should give way to reassessing the long term value proposition and current opportunities to get a decent fill at great prices.
I don't mean to blow your bubble, but you might as well ignore Forbar and their targets... they have a $1.64 target on ARV - thats 27% higher than today's share price, vs SUM where they 'only' have a 15% higher target price... you'd be nearly 2x better to invest in ARV than you would in SUM according to them