longlake95

Has anyone seen any interesting mis-pricings in the prefs lately. I currently own AZP.A and BPO.P. I'm looking to park some more $$$ in prefs while I wait for lower equity prices. The FFH's seems to offer some value. LL

Merry Christmas everyone. All the best for 2020 and beyond. This is a great community of smart investors. I certainly receive more than I give from this board. So, I contribute to some local very worthy causes - where almost every cent goes to the cause. LL

My wife is my best unpaid retail analyst. If I had just more closely observed her shopping patterns, I'd be far wealthier. I'm learning. She hasn't set foot in Reitmans in 5 years. It's a goner.

More $$$ down a rat hole.

your order doesn't have to be large to tip off HFT. I really ticks me off - even as a retail investor making a trade for say $20K, I am always front run and my order is $0.01/share higher then the last trade. I guess my broker is complying with the "best effort" rule, but it still stinks. LL

SNC - after it was dumped from the MSCI world index last week.

No, but I will. Its fascinating stuff. But im a geek.

if you get a different answer, i'd be happy to hear what your lawyer says. LL

sure, you can manage your rich Uncle's account, your wife's account and your neighbors account for free. But, in Ontario, and Canada generally, once you are: " in the business of trading, advising and dealing in securities" you need to register. Full stop. Consult a securities lawyer. LL

bad idea, if you accept fees, you are in business - therefore you must register. You should consult a securities lawyer for more information. LL

I am familiar with Ontario and the National Instruments. I won't argue that some regulation is good - of course it is. However, the current rules stifle legitimate people starting new firms unless you fit a very narrow scope of rules ( no allowance for unusual but safe and legitimate situations). Even with the strict rules, we still have blow-ups and crooks in Canada. That likely won't stop. It would very good if we moved to the LP, accredited investor model that the U.S. uses.

Be careful, I have been looking at this for sometime - in Ontario. There are significant regulatory barriers. You will trip the "advising and dealing" in securities rule, therefore you will need to be registered and be a portfolio manager (you can't just LP like you can in the U.S. - our regulators are anti business growth and cater to the big firms). PM me if you want more detail. LL

I'll post and update on the Gildan thread

added to GIL.TO

continuing to nibble at SNC.TO

It's a shame that several top execs took something like 20M pounds in comp over the last 5 years, while Thomas Cook was floundering. It's been in bad shape for several years. Another sad case of weak corporate governance - shareholders, the people who own the business, should have more say on pay. I have no problem with managements making big $$$, if the business does well - sounds crazy I know. LOL https://globalnews.ca/news/5944313/thomas-cook-bosses-salaries/

A great All American and pioneer for shareholder rights. https://image.cnbcfm.com/api/v1/image/104871793-20041218--2524.jpg?v=1529476904&w=630&h=354

Do you all think this rotation has legs? Who is buying?They have hated value for 10 years - why now?

A 25% add to BERY

Added to BERY, KMI. Starting position in SNC.TO

A couple of nights in Toronto, then wine country along with Niagara falls. Then Muskoka - cottage Country for a couple of nights. Stay longer...we need your tourism $$$. Enjoy your stay!

What’s the definition of a mine: a hole in the ground with 2 liars at the top. LOL.

Would you mind explaining your logic in purchasing these particular preferred shares? Sure, basically its a parking place for cash with a fat yield - with low correlation to the market. When lower equity prices arrive I will move out of the prefs into equities. I like these prefs because the are fixed not floaters.

I’ve been adding to BPO.PR.P I also own AZP.PR.A

LNR