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aws

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  1. Excellent, I snagged shares in a few of them this morning when they were selling off hard premarket. Seems like you can't go too far wrong buying in the 9.70s unless you sleep through a redemption window. Should be perfect for me since I am holding a lot of cash right now which is only mine for a year, and trying to get a little yield on it while I can.
  2. It looks like with the selloff this week that some SPACs will be a nice place to park some excess cash. I see many are selling off into the 9.70-9.80 range, and will conceivably go much further if the selloff gets worse even though it should have little impact on the value to a redeemer. I had a couple more questions to make sure I understand what I'm getting into with the strategy of post deal announcement SPACs trading under $10: 1. Are redemption deadlines always before votes on the merger? That is, do you get your money back automatically before the vote happens, in case the vote fail
  3. WCS prices are up about 800% as well, so it makes sense, but definitely a crazy turnaround. Obviously I wish I gambled and bought some more shares, even as late as November when we still had the overhang of the convertible debt, but I still have my original shares which are well in the money now. Bought mostly two years ago around C$0.55, and nice to see them finally have a good move up.
  4. “The directors are in agreement that if something were to happen to me tonight, it would be Greg who’d take over tomorrow morning,” Buffett said. He praised Abel and Vice Chairman Ajit Jain, who runs all of Berkshire’s insurance operations. https://www.cnbc.com/2021/05/03/when-warren-buffett-eventually-steps-down-as-berkshire-hathaway-ceo-greg-abel-will-succeed-him.html
  5. The cash difference is explained by the $4b liability for treasury bills they bought in March and paid for in April, otherwise you'd be counting the cash and the bills.
  6. You have to select the specific color, which is not the easiest to find. The men's color is 044 and the women's is 483. I was in the market for a new pair soon so I picked up one for myself and my SO.
  7. Perhaps I should have made it clearer, but I was specifically just talking about a discussion from the previous pages about a big increase in A share volume recently, not about the total A share equivalent repurchase. It was possible that Buffett was preferring to buyback A shares, even at a bigger premium, for some reason and that resulted in the higher volume of that class recently. I'm sure the overall buyback numbers you quoted are correct.
  8. The Berkshire 10-Q is out, which shows repurchases of 4606 A shares during the quarter, and the share count dropped by another 400 or so between 3/31 and the date of the filing. So call it about 5000 A shares repurchased between 1/1 - 4/22. A much larger repurchase program than in years past, but not an exceptionally high amount of A shares to result in the much increased volume of that class, so that mystery is still outstanding. For a somewhat striking comparison, I've been reading old annual reports again recently, and I noticed in 1975 they repurchased 6,647 A shares for a total pri
  9. While I agree that we are far from the speculative excess of the housing bubble, I do still wonder how long things can stay this hot. If the price gains have been driven by cash rich city dwellers moving to the suburbs, and by record low mortgage rates for buyers with good credit, then it seems like over time more and more people will be priced entirely out of the market. I'm assuming the banks aren't going to be loosening underwriting standards too dramatically, so how is the family with the national median income of 80k going to be able to buy a house? Are we going to need to see anot
  10. Oh, interesting. Thanks, I'll definitely have to look more into this then as I saw quite a few post deal SPACs with the warrants separated trading under $10. At this point trying to play for pops only didn't seem too attractive with the SPAC market so oversaturated, but finding deals returning 1-2% in a couple months is.
  11. Stupid question, but you're only allowed to redeem for NAV the SPAC units with the warrants still attached, right? So the shares trading without the warrants attached have no such rights and will automatically be converted if a deal is approved?
  12. If any website is reporting 15 as the average daily volume, then it is obviously wrong. If you know it traded a couple thousands shares a day for the past month, then that alone would have to push the average much higher than that. I'm guessing some sites are accidentally dividing the historical volume by 1500, as though it's some error trying to keep data consistent between A and B shares. Here's a 5 year chart showing the historical volume, which in this case is monthly.
  13. The average volume was always a lot more than 15. I do see that printed as the volume history on yahoo, but it's definitely not correct. Volume is higher now, but not THAT much higher. Volume was about 500-1000 shares a day for the last couple of years.
  14. It seems like yesterday that I was thinking it was absurd that Tesla had a higher market cap than Ford. Today, Elon's favorite meme crypto Dogecoin, passed Ford in market cap. It doesn't matter much of course, but I just wanted to mention it for posterity's sake just in case this happens to be the moment of peak ridiculousness.
  15. I've seen it a few times but I think it might have first been from the 1999 Berkshire letter
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