no_free_lunch

I will throw out there that Canadian railroads CN and CP are getting historically cheap. A lot to like there. CN is around 18x this years earnings, for a literal duopoly.

Thank you! Forgot about this one. Its always a good read. Such an easy style.

I am not crazy about that list. If I was to do similar, I would probably just build my own etf. I did that in my wifes account, just 10 canadian stocks with low debt and reasonable businesses. I did fine!

Questrade and Interactive Brokers. I recently closed down IB but only because I have some health issues and am simplifying. They are both good, minimal issues.

I like the concept. Need to do some DD on my end. What is your base case scenario if you look out a few years?

Sorry about this. It was me. I'm moving the market lol.

I think you misrepresented my argument. Again it's performance of the index that matters. We can try to discount and explain but it's the simple indexes which tell us how average investors are doing. In Europe they are not doing well.

Doesn't the market kind of speak for itself? I see some successful euro companies but so? The way to evaluate is the indexes and they suck. Vanguard Europe (VGK) is STILL below is 2008 peak. Dead money for 16 years and just a small 2% or so dividend. Sure individual stocks have done well but it's hard enough to beat the market, so now you HAVE to beat the market just to make a profit.

Bought some $DE stock. This is the agriculture equipment company John Deer. It's a long term compounder selling at 11 PE. There is a bit of debt, I think around 6x FCF, so some risk but this has historically been a niche sector and perhaps near oligopoly. Obviously some risks from competition but has historically performed well.

$CSU.to. I actually missed the big moves and sold way too early but even still I managed to double my money in half a year. I've had lots of other doubles and larger but this was different. I had a huge position in it as it was going for 15x earnings, with no debt, growing 30% a year or something and holding a diversified set of niche software businesses. It didn't ever feel like there was much risk. I probably had 10% in it (for me that's huge) but always regret not making it larger. It was the near certainty that I would not lose and possibly make a huge gain that stands out.

Atrion $ATRI This is a mega compounder that is on sale. Niche medical device market. Good financial position with no real debt. In regards to the huge decline (it's down 60% from ATH) I would just say that this is how it rides, and it isn't always clean. We are currently at a down phase but the company is trading around 15x prior year earnings and has historically compounded at 15-20%. Not sure if they can continue at that rate but I feel it's way too cheap. There will probably be at least another quarter before sales turn around but most of the slow down has been due to oversupplying channels due to COVID demand. I have the impression that the business is not fundamentally impaired. I feel it could trade at 20-25x normalized earnings, which is 30-70% from here plus any growth they can pull off.

It bothers me. I don't think I can, with good conscience, be part of some unknown censor protocol. It would have been fine if we just weren't allowed to talk politics at all but to have people casually discuss the slaughter of Ukrainians and Russians and then randomly draw the line at Israel/Palestine.. It's too much for me. Admin are well within their rights to set limits but I am within my rights not to take part. I am sure no one cares but that's my go forward protest. I will lurk on the sidelines.

Is anybody else a little upset that an entire thread just disappeared.... I am fine with no politics but then why are we discussing Ukraine...

That domino seems to be doing OK. They have nuclear weapons and a huge advanced military. If it seems like they will get overrun maybe we should help but otherwise clearly not our fight.

I don't disagree with much you said. I, Canadian perspective, just don't want to get involved. Risk of Iran involvement.

Did it get deleted?

They are now threatening to execute hostages. Throws a wrench in the plans. I guess Israel can just ignore the threats in which case Hamas is really screwed but I'm not sure that's palatable.

Are you going to show your sources? You made a claim., back it up or withdraw it.

Show me some reputable sources saying what you just said. Truth is Republicans are making up lies. You know there's an actual war going on, not the time for your political nonsense.

I think it's probably closer to 100k. If you assume 3 wounded for every dead that's still around 400k or 1 percent of the entire pre war population. They would have collapsed with the larger number. Anyways the number doesn't matter, what matters is Ukraine still would rather fight than be enslaved. I know this has gotten old and repetitive but that is part of it. This is an endurance event.

The 100k is closer to Ukraine sources. It's mostly civilians. 500k is tucker Carlson interviewing some US General. Sorry don't have the quote handy. The 500k is propaganda and I think total bs.Ukraine entire army was 400k at peak hence why that number can't be trusted. Usually 3 wounded per killed so would be 1.6m casualties. You know I'm actually Republican supporter generally but they do say some low iq things.

Ukraine has over 100k dead, many civilians. If you believe tucker its 500k dead. They have been fighting a full scale war. I totally sympathize with Israel but it's not the same.

There are a lot of stories of Israelis fleeing, 35% find ways to skip the military, so why do you seemingly favor one and not the other. I think both situations are similar. Both are fighting to hold the western world order together.

I agree. This isn't just accounting that can be waved off. Either you mark to market and take a huge hit or you accept a bond portfolio that returns significantly less than competitors. I just wonder how to profit from it. Ffh got priced up which makes sense given short term bonds but it's still undervalued. I think it just no longer has the taint, there is no premium and yet its probably deserved. Other insurers with long bond books didn't really get hit so maybe some are shorts. Are there other insurers with short bond portfolios who are advantaged but not pricing it in? I'm already maxed on ffh allocation. Sorry if that's too off topic.

Thanks for $CRL, was not on my radar. It's exactly what I am looking for though. Bit of a moat, margins expanding with scale, larger player, track record, reasonable valuation. Probably will end up buying it if it stays in this price range but need to some DD. I wonder what FCF is at, there is quite a bit of amortization so could it be higher even than earnings?