Buy Alert: This Small-Cap Real Estate Company on the TSX Is Well Poised for a Turnaround Details

June 30, 2020 / By: The Motley Fool

Buy Alert: This Small-Cap Real Estate Company on the TSX Is Well Poised for a Turnaround

Tensions between the U.S. and China are on the rise. Our neighbor to the south is seeing a massive rise in COVID-19 cases. Companies on the TSX are getting hit, as the economy is grappling with low demand and rising unemployment rates. It's tough to find companies that could make the most out of a bad market, but I believe real estate player Mainstreet Equity (TSX:MEQ) is up to the challenge.

Initiating Coverage: Value Creation Model Built to Last Details

June 1, 2020 / By: Acumen Capital

Initiating Coverage: Value Creation Model Built to Last

 

 We are initiating coverage on Mainstreet Equity Corp. (TSX: MEQ) with a BUY rating. MEQ is involved in the acquisition, divestiture, value-enhancement, and management of multifamily residential units in Western Canada. The company now owns more than 13,000 units across ~340 buildings focused in six key centres: Edmonton, Surrey, Abbotsford, Calgary, Saskatoon, and Regina. MEQ was founded by Navjeet (Bob) Dhillon in 1997 and was listed on the TSX in 2000. Mr. Dhillon is an entrepreneur who began his real estate career as a teenager in Calgary and is responsible for building MEQ into what it is today.