longlake95

more ECN

not sure about 30 cents, but I could see us test the 2001-2002 lows of 63 cents or so. But I generally agree. I'm 75% USD stocks and cash, as a hedge against a housing downturn here in Canada.

BRK.b

a little BAC

Could you answer a few questions about running an LP in Ontario? Thanks LL

Ok...that is very cool...the ability to drill down. However, it seems not all the data is available for many companies. I noticed the data for Canadian companies to be thin. Hopefully that will improve over time. But it's a great start.

Hey! educatedsmart guy: saw your link for Chou's 13F, that didn't interest me as much as where you got the data. I checked out rocketfinancial.com, it's awesome. no screen clutter, easy to read and well organized...probably too good to be true, they will probably start charging - I'd even consider paying. lol. thanks.

http://www.grievingchildren.com/ A great organization that helps kids during a time of extreme emotional pain. We give to Seasons yearly. I have seen the operation up close, there is no waste. You can search their tax filings and see just how lean they run. LL

Yes, it does look smart. It's also interesting that BAM/Flatt has been buying the common, and now owns 14M shares. hmmm.

There may be an arb opportunity, assuming they issue the new prefs @ $25.

Transalta prefs TransAlta Corporation (NYSE: TAC) announced today that its Board of Directors has approved a transaction pursuant to which all the currently outstanding first preferred shares in the capital of the Corporation are proposed to be exchanged for shares in a single new series of cumulative redeemable minimum rate reset first preferred shares, series 1, in the capital of the Corporation pursuant to a plan of arrangement. The terms of the New Preferred Shares will be substantially the same as the terms of the existing first preferred shares with the exception of an adjustment to the reset spread to 5.29%, a change to December 31, 2021 for the next reset date, and the addition of a minimum reset coupon rate of 6.5%. The Corporation currently has four series of cumulative redeemable rate reset first preferred shares outstanding, being the series A shares, series C shares, series E shares and series G shares, and one series of cumulative redeemable floating rate first preferred shares outstanding, being the series B shares (collectively, the "Existing Preferred Shares"). Pursuant to the Arrangement, the outstanding Existing Preferred Shares will be exchanged for New Preferred Shares at an exchange ratio specific to each series of Existing Preferred Shares... http://www.transalta.com/newsroom/news-releases/2016-12-19/transalta-corporation-announces-preferred-share-exchange

Sculpin - thanks for the info u posted on the prefs. :D

Nice catalyst for the Transalta series G's http://calgaryherald.com/business/energy/alberta-reaches-1-36b-deal-to-shut-down-coal-plants

FFH

ASR - airport operator

+1 Catherine Murray

great idea, wrong time. I'll lever up during the next recession.

GM.WS.B

Sculpin, Have you seen this provision? or is it something that was mentioned on the BNN segment? I'm asking because I took a rapid look at the prospectus, and it does not seem to be the case (limited to winding down of business.) I'd much prefer being wrong here, so do not hesitate to point out if I misread or missed something altogether. And thank you for the opportunity in the first place. Edit: Missed the "If" in Sculpin's post, so I think I have my answer. I probably should also point out that they seem to be able to recall the prefs only every five years. Again let me know if I err, not that familiar with preferred shares. He's wrong about the change of control because of the fact that they are only selling a 30% owned subsidiary (Richardson GMP). In any case there is also no change of control for these preferreds either if GMP Capital were to be sold or merged or whatever (one of the weaknesses of Cdn prefs that I would like to see changed) --- Look at what happened to the Capstone preferreds and the Rona ones. I pointed this out a couple of posts ago. Surprised that a hedge fund portfolio manager would go on TV, make this his top pick and have such a cursory knowledge of what he owns. Any comments or corrections to my understanding of this? This same guy also said Reitmans is going into the gas station business....hmmm... ??? ???

Is that a Guiness I see in the background? You should be enjoying that! LOL.

Great stuff! Thanks

EFN.TO @ 13.40- we are not far from the split - then Hudson puts the $220M from INFOR to work with an acquisition.

EFN.TO

I think I'm finally giving up on Yahoo Finance( ya, ya, most of you probably dumped Yahoo a long time ago, LOL) - the new format stinks - laced with ads and useless articles and video clips. Thinking of moving to Google finance. What do you use as a homepage where you can start the day with a look at the markets and news?

No bubble yet, i think... we still haven't seen the euphoria days, where people are quitting their jobs to start day trading. My classic indicator of a bubble is friends talking stocks and flight attendants giving me stock tips...were not there yet. I'll post here when it happens. https://www.google.ca/imgres?imgurl=http%3A%2F%2Fwww.thegoldandoilguy.com%2Farticles%2Fwp-content%2Fuploads%2F2012%2F11%2FStages-for-AAPL.png&imgrefurl=http%3A%2F%2Fwww.mining.com%2Fthe-golden-nugget-that-makes-traders-wealthy-trading-aapl-rimm-and-gold-stocks-89503%2F&docid=ubaeImOOBOxB9M&tbnid=J8SsQwogheoFTM%3A&w=600&h=395&client=safari&bih=672&biw=1024&ved=0ahUKEwjgvs2okfjNAhWG44MKHV4ZD1kQMwgbKAAwAA&iact=mrc&uact=8