TRADE ALERT - Core Portfolio January 2024
Finally, we have a winner.
Tricon Residential (TCN) is going to be acquired by Blackstone (BX) and I am quite happy about this one because we needed a win to boost our morale after the disaster that MPW has been.
We doubled down on Tricon Residential (TCN) at $6.67 in October. We then said that it was a likely buyout candidate, and just three months later, it is now being acquired by Blackstone (BX) at a substantial premium relative to what we bought these shares for:
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