Junior R

added cb

interesting yesterday on US side people where selling this down $30 and cad market its up $45

OpenAI and other leading AI companies aren’t owned by traditional private equity firms like Apollo (APO), KKR, or Carlyle Group (CG). Those firms typically focus on distressed companies, using leveraged buyouts to acquire them, extract capital by selling assets, and then attempt turnarounds. OpenAI’s investors, on the other hand, are not traditional PE players. Similarly, the recent First Brands Group collapse wasn’t driven by the usual private equity suspects either - even Apollo had credit default swaps on first capital debt, resulting in a relatively small payout. OpenAI’s Sora has tremendous potential - the real question is how much revenue it can ultimately generate. Imagine a studio using a private version of Sora to produce an entire TV show or film. A storyteller could feed the model a script or creative direction, and Sora could generate the visuals without the need for costly on-location filming. In a sense, it could function like Google Maps for visual content creation - systematically generating and stitching together realistic imagery. While I believe the current valuations of both private and public AI companies are inflated, these technologies will likely drive significant cost reductions for traditional businesses over time. I would rather buy FFH, JOE, APO long term over AI stocks and short term NKE, UNH, PFE, NESTLE, HD over AI stocks

OWL doesn't have to much history thats why I would keep this position very small

Does COBF then own 40% of all outstanding shares lol

my question is what happens when they get the share count down 10m to 15m lol...this is my biggest question has nothing to do with anything just a question lol

Thanks this is pretty much my similar to my Theis on Apollo and overweight ...Also like you said Athene acquisition gives them stable long-term source of captial which they will also earn advisor fees for the one thing though is with stocks in PE is that the stock can fulacate a lot in the short term...look at APO/KKR/BX/OWL so this would defiantly not be a boring stock if you check your portfolio frequently Investor Day 2024 Video August 2025 APO Presentation

I asses it based on management and how they where able to deliver what they promised in the past but that's all you could really do lol

yeah APO is better buy based on risk vs owl...I did added APO last week...I am also looking to add more PAX if it drops more

In Canada houses prices went up from 2010 to 2022 so people where just in it for appreciation ...mom and pop investors leveraged to the max to buy pre-con or multiple properties and now are facing issues...what you are saying makes sense but many thought its going to moon...Now you are seeing foreclousres pick up

funny thing in Vancouver and Toronto those who have house fully paid off are better off selling and buying investments with a yield 2% and that it self would cover rent + some thing else after taxes...

No due to First Brands’ Fallout from another PE firm...but Mark and Team know how to pick which private credit to do ...They also do use margin of safety ....this why your seeing stocks like APO/ARES/OWL down vs CG, BLK ect

APO Mark and team know how to manage private credit so this drop is over blown

looking to start a position in OWL if it drops under $16

APO

I am more concerned about Canadian real estate over US lol....US rate cuts will simulate economy

They always do this to have a plan to buyback during blackout periods

Nice ... Please keep us posted on your next big banger lol...but those divs are really good

it will be interesting in couple years when outstanding shares is under 19/18/17/16m

not saying to do this ...but on tsx to get a high multiple your div yield has to be over 2%...

Same added today...Seems its down on price target upgrade from Jefferies to $154 from $143 ..seems over reaction

thats also good point to...

There is one way lol...say your rrsp is huge ...you could become non-resident in Canada move to country with no taxes ...pull out the money pay 25% withholding tax and then couple years later come back to Canada ...efficiently doing this makes it same percentage as capital gains...another thing about rrsp if you are really good at picking stocks (short term vs long term)...you could use it to just swing trade...but if you don't do any of the above then yup might screw you over in long run

lol