mcliu

This is so true, most grocery store vegetable/fruits have no flavour here in Canada as well. We try to go to smaller farmer's markets or actual farms to get stuff in the summer. Some vendors at bigger markets just buy wholesale and repackage, but you can taste the difference when you buy from the actual farmers.

I did not search further what exactly "naval deployments" mean. https://en.m.wikipedia.org/wiki/Chinese_People's_Liberation_Army_Support_Base_in_Djibouti

You are double counting the earnings without considering how growth is generated.

He doesn't get it. But it's a nice demonstration of commitment bias.

https://www.sun-sentinel.com/coronavirus/fl-ne-coronavirus-hospital-patient-asymptomatic-20200620-dlwqhswxgzcxdg4xn6sfscy7e4-story.html Record daily cases in Florida but daily deaths have not gone up.. Maybe virus is getting less lethal or testing is broader and catching younger people that are less affected.

Why isn't this thread in politics yet?

Dude - you hit the nail on the head! +1 Especially all the fake woke corporations, celebrities and basketball players.

They repurchased ~16k shares in May. Small amount.

The Canadian flag didn't even exist when those things happened. For the most part Canada didn't even exist. But what about residential schools? https://en.wikipedia.org/wiki/Canadian_Indian_residential_school_system https://en.wikipedia.org/wiki/List_of_Indian_residential_schools_in_Canada Also, what about British Empire atrocities? Too many to count.. https://www.independent.co.uk/news/uk/home-news/worst-atrocities-british-empire-amritsar-boer-war-concentration-camp-mau-mau-a6821756.html

Canada should ban the Canadian flag for what Canada's done to the natives. US should ban Canadian flag for burning down the White House. UK should ban US flag for insurrection and declaring independence. Just ban all flags. Problem solved. ;D

That escalated quickly. "India’s army said on Tuesday 20 of its soldiers had been killed in clashes with Chinese troops at a disputed border site, in a major escalation of a weeks-long standoff between the two Asian giants in the western Himalayas." https://www.reuters.com/article/us-india-china/india-china-troops-clash-at-himalayan-border-casualties-on-both-sides-idUSKBN23N0ZU

A lot of silliness going on in the markets. But it's unclear if we're near the end of a bull market or the beginning. :o

Looks like US is going for herd immunity. People won't stay home anymore when they see large protests like this. It'll suck for healthcare workers, but US will get to herd immunity faster.

After a multi-trillion dollar global lockdown, turns out masks could have solved the problem. https://www.reuters.com/article/us-health-coronavirus-masks-study/widespread-mask-wearing-could-prevent-covid-19-second-waves-study-idUSKBN23G37V

RobinHood analysis: Tesla: $950 Nikola: $100 https://en.wikipedia.org/wiki/Nikola_Tesla Buy Nikola!!

If we can have safe mass protests, it’s probably time to just open things up and require face masks and hand sanitizer. Especially if a second wave is inevitable anyways.

Odds of second wave due to recent protests globally?

@wabuffo, thanks for the detailed posts, really interesting stuff

What's the impact on CRE if even 20% of people WFM (either permanent, or just taking 1 day off a week to WFH)?

Not sure about optics with Paul Rivett, it is a little perplexing. But the deal itself is not a "sweetheart deal". If anything, Torstar's fairly/overvalued at these prices. There's cash, but also a lot of liabilities, AP, provisions, pension liabilties. FCF in 2019 was ($9M) and ($20M) after capex. There's no indication that'll stop. They'll probably have to inject more working capital if the bleeding continues or accelerates, especially with this whole COVID situation. VerticalScope made $18M in 2019, maybe less this year, but has close to $145M in net debt, so equity is probably not worth very much. It's nowhere near the $100M that they're carrying it at on the books. If you adjust the balance sheets and net out liabilities, there's really not much equity left. Also, advertising $ is going to take a big hit. Very few newspapers will survive and this is the Toronto Star, not NYT or WSJ. It was a stupid investment to begin with, so they're lucky to get some money out.

Maybe by lowering cost of capital and keeping firms alive, they’re create excess capacity that won’t rationalize?

They didn’t have Zoom back then though. A lot of knowledge work (marketing, accounting, finance, law, programming) can be done remotely.

It's hard to distinguish the ones that are investing margins for growth like Amazon and ones that just have bad business models. Financial statements just show losses in both cases.

Good luck with new job!

https://www.fairfax.ca/news/press-releases/press-release-details/2020/Fairfax-Announces-Pricing-of-Senior-Notes-Offering/default.aspx US$650M 10Y 4.625%