Implied Value

Morguard: Two REITs For The Price Of One

It's not often to find a company that has a great business, is run by great management AND trades at meaningful discount to its intrinsic value. You know, the things that Buffett looks for. Morguard, however, is one such opportunity. Not only does it tick off each point, the reasons for its undervaluation have nothing to do with economics of the underlying business.

Morguard Corporation is a Canadian real estate company listed on the Toronto Stock Exchange.

Symbol: "MRC"

Price: $114.83

Market Cap: $1.45 billion

All currency presented are in Canadian dollars.

Investor Guy Gottfried of Rational Investment Group (his picks at Value Investing Congress have averaged 60%) has discussed the idea before. I highly encourage you to read his ...

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