I got a feeling that somehow FBK management is going to screw this one up again...
Man, look at ABH.TO... it's pps performance in the recent up market just sucks.
I would rather own cash or FBK.
Thanks, for BRP - I could see a scenario where US recovers while Canadian market starts going south.. I guess you can't have a needles that has 2 sharp ends.
I am actually a Canadian looking to buy some US properties.
Hard to see house value not going up in 5-10 years. OTOH, Canadian RE is so bubble-lish that I don't want to touch.
If you were not comfortable putting money into RIMM before, don't put $ in because of Prem.
After all, in theory, Prem can average down forever and you have seen how some of this guy's investment works out at the end.
>>That would value FBK at more than Mercer and Fortress Paper
I don't think you can buy Mercer or FTP out at the current market price. Buyout price and market trading usually has a gap.
Honestly, I am only hoping the ABH will just increase the bid, I am be happily gone with anything close to 2. I just worry FBK management will do more harm than good.
>>A pre-emptive all stock bid in the $2.75-$3.25 range would very likely get it done, & done quickly.
We can only wish. I don't think it will come anywhere close to that.