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gr33ngi4nt

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  1. Also, those figures seem understated? I remember the February numbers stating that SFD in Toronto were $1.6 mln while the average house (condo, SFD, semi's, etc) reached $1.1 mln. I recognize the chart is dated for Jan 2017 but that seems like too big of a leap in one month.
  2. This might be the Chinese version. I can't read it unfortunately. http://liluchineseblog.tumblr.com
  3. No position but in agreement with this. It starts getting speculative when you have to read between the lines and analyze tones. If Trump had not won (a seemingly improbable event), I can't imagine these securities would be trading anywhere near current market prices. I think a lot of the parsing is based on the narrative post-Mnuchin comments in November of last year. That's just what people choose to focus on. And, surprisingly, people (including on this board) seem to be ignoring the fact that the breach of implied covenant (dividends) and the breach of contract & implied covenant (liquidation preference) case gets to move on in district court -- something all three judges agreed on -- though that may be a function of ownership considerations (common vs. preferred). At least for me, I have very little faith in Lamberth given our previous experience. It's also largely because I'm not a lawyer, but based on my elementary reading, it just didn't seem like he gave a shit. So I take the DC case as a free call option, but I have higher hopes for Sweeney (again based on my amateur reading of the cases). Lamberth has stepped down. I assume his successor now leads? https://en.wikipedia.org/wiki/Richard_W._Roberts This doesn't look correct. Lamberth is a Senior judge according to this website. He stepped down from Chief Judge (in 2013) when he was appointed as a Senior judge. Timeline also doesn't make sense as he "stepped down" BEFORE the 2014 decision. https://en.wikipedia.org/wiki/United_States_District_Court_for_the_District_of_Columbia http://www.dcd.uscourts.gov/content/senior-judge-royce-c-lamberth
  4. https://www.finance.senate.gov/hearings/hearing-to-consider-the-anticipated-nomination-of-steven-terner-mnuchin-to-be-secretary-of-the-treasury
  5. A really big move... can't find any news that would explain it. Are we expecting something at the AGM? Thanks in advance.
  6. http://www.bnn.ca/Video/player.aspx?vid=871456 Interesting definition of Ponzi scheme. I'm not sure you can give much weight to what this guy is saying... nevertheless, doesn't take away anything from how crazy Vancouver RE has become.
  7. 9:30am according to this website. https://www.cadc.uscourts.gov/internet/sixtyday.nsf/fullcalendar?OpenView&count=1000
  8. This idea has crossed my mind as well but the size of the debt in front of these has always seemed too daunting. I don't think the Feds or the Qc govmt wants BBD to go down in the flames of a bankruptcy but after Nortel who knows. Perhaps the potential of a transport sale as mentioned earlier in the Summer in the Globe (below) could provide some breathing room for the aero side. I still wonder who put so much money into this thing by way of common equity earlier this year. Desjardins analyst Benoit Poirier figures Bombardier Transportation could be worth as much as $6.6-billion. Last month, China's two state-owned train makers merged to form the single biggest company in the sector globally by revenue. In some ways, a Bombardier-Siemens combination would be "a European answer to the huge Chinese merger," said Maria Leenen, chief executive officer of SCI Verkehr, a rail strategy and consulting firm in Hamburg, Germany. Agreed. I think how you lose is if the company goes bankrupt or the gov't comes in to save the last few manufacturing jobs in Canada but lets the equity burn. I doubt there is enough appetite to do another debt deal which would be another knock. It is increasingly clear to me that C-series will make or break that company long term considering BBD's cash generative businesses are weakening (Global delays, bizjet mkt weakness, weaker margins at Transport)... which was less apparent to me following the equity raise that happened earlier in the year. The good thing is that we should see cash burn come down as we get closer to EIS completion but I don't know what the catalyst is for airlines to say... okay it is time to put in orders...
  9. BBD.PR.B is a speculative multibagger position I have.
  10. Bumping this thread. For those Canadian investors, with the huge run up in the USD vs. the CAD... anyone thinking about hedging (hopefully to lock in) their gains? Just starting to think about this given that we had another rate cut today could possibly have another one in a few months if things out west don't improve.
  11. Thank you for the reports Gamecock! Would appreciate if you could PM me as well.
  12. I came across these charts yesterday. I suspect the mix for Toronto (which doesn't break out multis vs. singles) is more heavily skewed to multis than in the Ontario chart. Pretty scary. I just signed a lease for a 1br condo in Toronto. During the viewing and negotiating process you could really sense how desperate the agents/landlord are to get the units rented. Mind you, it is in the middle of winter, kids still in school, and multiple condos completed during the same month.
  13. krazeenyc, Could you please update the main page for the YTD store closures? Since your last update (July 29th), it looks like there are 37 additional closures in the thread. Thank you!
  14. Is it possible to transfer one's performance record when you transfer your assets to a new brokerage house, specifically Interactive Brokers? Any advice on this? Thanks
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