Implied Value
Value

Mainstreet Equity: A Virtuous Cycle Of Value Creation

Note: Mainstreet Equity trades on the TSX under the symbol "MEQ". All currency presented, including the summary, are in CAD.

In keeping with the theme of great owner operators, I present Mainstreet Equity (OTC:MEQYF) or "Mainstreet", one of my favorite real estate investments right now. Like Morguard, which I've previously written about, they are both terrific businesses with great management leading at the helm. I find it difficult to pick one over the other and so it's really matter of your investing style. Morguard is a larger and more diversified deep value investment, if that's what you prefer. While Mainstreet is more of a "(massive) growth at a reasonable price" type that is exclusively focused on apartments. My...

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