longlake95

Anyone have thoughts on BRK's exposure to interruption insurance? I'm not sure about the clauses and exclusions that might be found in a typical BI policy. From my reading over the years it doesn't seem to be a big part of BRK. I don't think WEB would like the kind of unpredictable exposure unless he was getting super-high premiums.

LOL I can see him in isolation at home, unable to get his FaceTime to work. Or maybe his router needs to be reset, and nobody there to help him. He's sitting in the kitchen eating ice cream right out of the container, flipping through Valueline.

I realize WEB wouldn't announce his actions intentionally. However, I figure WEB and Co. hasn't done any buying until at least April 1. Two reasons: WEB publicly stated he was too early in 08/09. Also, buying done before April 1 will appear in the Q1 13F. Any buying done now is not reported until mid-August. It gives them lots of time.

prior to going private WJ had $1.2B in cash. So, some breathing room. 85 Days to be exact. More when expenses are slashed. I think Onex would add cash if needed, as they too, are responsible to the LP's to make this whole thing work. WJ's revenues are not going to zero, they will be operating some flights - yes, that can change for the worse or maybe even for the better.

WestJet is held in Onex Capital Partners V, along with a new insurance company. Onex put $261M into the WJ deal. The LP's put up the rest - it was a $5B deal. Onex has a track record of sticking with their investments. Onex has cash to weather the storm and a long-term view of their assets. OCP V has an 8% CAGR hurdle. I think that's easy over time, and LP's make a satisfactory return.

to be clear...are you buying puts to hedge your holdings if we go down. Or are you selling puts to back in to some positions if we go down?

USFD

Visa and HTL

I'm not that smart on macro, but I figure earnings have grown for 150 years or more, with occasional earnings compression every 7-10 years as the world "naturally" resets. The world is not linear. But earnings will be higher 5 years from now.

HTL

I'm out of Fever Tree tonic...

Gee, I don't like that news. Gates was the one I was counting on to keep BRK rational once Warren and Charlie aren't there.

algo's going the other way now...crazy eh?

LOL...$20 for 2 mins

with the energy industry getting crushed, weak growth ahead for the banks and Canada and a housing bubble. The Canadian banks just don't scream out as a buy yet.

I think the high speed trading and algo's have a lot to do with the compressed time of the moves. The algo's sell on weakness and buy on strength...which adds to the inertia.

ya, that's on my to-do-list for TD at least... Canadian banks in order of quality (I my opinion, but I'm probably wrong) TD RY BNS BMO CM NA

I have a bidet...

none yet. I bought TD during the GFC at 0.9X Book - or so. and a 7% yield. If we get there I may start. I just read an article about how TD and RY have been the lead banks in ramping up energy loans the last year - yikes...

I'm usually early. This time I'm adding slowly/daily until i'm the last guy on the bid.

not afraid. But today is the first day of buying that I feel a little stressed. I just bare down and press the buy button. Some neighbors, who never talk about stocks are talking about them for the first time in a while...we must be close to the bottom...LOL...

Yes, this is totally wild. The oil patch is on the ropes... Wow.

Canadian broader market Down 13% right now. Energy and financials getting crushed. I wonder if Steve Eisman is still short Canadian banks... if so, it's raining gold and he is standing outside with a bucket. Whoa.

OTEX, HTL ( Hamilton thorne ) CVET

It is, it's called KMI...