longlake95

Barrie, Ontario, Canada (1 hour north of Toronto)

I have, and continue to receive significant value from the investment discussions on this board. It’s truly one of a kind. However, I’m not a fan of the political threads - and that’s putting it mildly. Let’s keep it investment related. If you’re that passionate about politics, write on a political message board. My 1 cent LL

"a pile of turds with raisins in it, is still a pile of turds" Charlie Munger ;D

more AZP.PR.A

BPO.PR.P

I use the Webull app on my tablet and phone. works well. LL

i'm looking hard at TA.PR.H series E. I was in the G's. But i like the E's.

KMI

Thanks stubble, i’ve owned FFH in the past and not really up to speed. Thanks for the colour. More reading to do.

anyone buying FFH prefs after this sell off. Good parking place for cash. http://quote.morningstar.ca/quicktakes/Stock/s_ca.aspx?t=FFH.PR.K&region=CAN&culture=en-CA

I use 8-11 depending on the business and durability of the cash flows, but have learned over time not to focus too much on the discount rate. It's getting the cash flows right that matters. If using 9% instead of 10% makes a difference for me investing, then the value is too close. I'll move on.

Agreed. There is a lot of value to this community if value oriented investors. Let’s stick to finding the next great investment :)

more KMI

Your odds are 1 to 84 quadrilion. Good luck.

Just buy for the fund first. Then your personal account. It's just the right thing to do. Do you really care if your personal account lags the fund a little? I assume your more interested in the fund doing well as that's what your LP's will be looking at.

Probably as Chairman. Which I think is a good move.

Well, if your ever back in Barrie PM me. Maybe we can organize a stock chat with a group up this way.

Ya man

1 hour north of Toronto

Maybe they are preparing for a big buy back if WEB or CM are about to step down and the market sells down the stock. Not a nice thought that they may be slowing down. :-\

Are we finally seeing a rotation into value names as people run from the FANGs and growth?

i've been adding to the D's. Not sure what to think. These securities have been left for dead. Call me crazy, but wouldn't they want to buyback the pref's on the cheap? sell one or more of the cash consuming crappy businesses and use the proceeds to buyback cheap debt - don't you create value at the stroke of a pen?

added to GIL.TO - Gildan

I think you're right! I expect bubble frequency to increase, very simply here's why: - more instant data in front of more eyeballs - exacerbating the fear and greed cycle. - less analysis (it's easy to be an indexer) and increased FOMO and lemming like behavior - much,much shorter time horizon - way more noise - easy credit I remember seeing a academic paper over 10 years ago that showed a graph, that went upper left to lower right. X axis being years held, and Y axis risk of loss. As it turned out, if you owned a security for more than 5 years, you're actual chance of loss was very low, assuming you just bought a middle of the road business That has always resonated with me. Who owns a security for 5 years these days? My Grandmother did. My Great-aunt who is currently 102.5, still own Fortis (FTS.TO) which she bought around 1978. I think this short termism will be a benefit to active value oriented investors - but the ride is going to be bumpy. What takes us over the next waterfall? Corporate debt?

DWDP and DWDP $90 Calls