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influx

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    Public Company Share Repurchase-Cannibals

    in General Discussion

    Posted

    On 12/17/2023 at 12:29 AM, Spekulatius said:

    I prefer JXN in that space, owned it two times but ate currently out. Both BHF and JXN are black boxes in terms of accounting, but generate a lot of cash that’s used for buybacks and dividends in JXN case. They tend to sell off when financial markets get stressed.

     

    Another on in th energy space I recently found is IMO (oil sands business from Exxon). They reduced shares from ~850M shares in 2016 to 540M shares now (after the latest issuer bid).

     

     

    Yeah, okay. Thank you.

    Public Company Share Repurchase-Cannibals

    in General Discussion

    Posted · Edited by influx

    On 10/28/2023 at 1:51 AM, Monsieur_dee said:

    Haven't seen these two companies mentioned in this thread . Both in the Berkshire 13F

    louisiana-pacific-corpor.jpeg.fb5f76ad6b2865cfffdf2120c53995fc.jpegdavita-inc-dva.jpeg.e83cdadd9f9fce653dc88d64c741f77d.jpeg

     

     

    Yes, @Monsieur_dee

    Bob Robotti was talking about LPX. I watched a fireside chat a month or two ago.

    Is there a screen or a way to track these cannibals on quarterly or annual basis? It maybe manual or using ycharts and similar platforms?

    Gold Calls (Five year calls? LEAPS? etc.)

    in General Discussion

    Posted

    My trade platform is showing quotes on options for gold futures out thru 2026, so yes 5 year options there are possible.  GLD only goes out thru 2022 so less than two years.

     

    I can't imagine getting those prices quoted in the article even scaling up for current market prices.  That would be like buying $2500 calls for $10, and the quote I am seeing is more like $300 for that option.  The longest duration option you could actually buy for a premium of 1/2% and a strike price 35% out of the money is the December 2020 call, so only a bit more than five months of runway.

     

    Yeah so it is the futures right? That's how I get 5 year leaps?

     

    Yeah, sorry, it is an old Grants article, 10 or more years, don't remember.

    Gold Calls (Five year calls? LEAPS? etc.)

    in General Discussion

    Posted

    Hi All.

     

    I hope you are well. This might be better for Strategies but was unsure.

    I have an old Grants article, quote: "(An investor friend relates that he recently bough 250,000 gold calls struck at $500 for five years at a cost of $2 each. Given that that the forward gold price is approximately $370, he observed, the calls are essentially free."

     

    So, can you help me understand how one might be able to do this as a non-institutional investor?

    Are they talking about long-term calls on futures contracts or?

     

    Thanks

    Bill ackman and michael pearson senate hearing

    in General Discussion

    Posted

    I'll gladly share this info but you'll have to endure the following personal anecdote.

     

    One of my daughters was born with a heart anomaly resulting in occasional significant but non-life threatening episodes of arrhythmia, most of which would stop on their own but some of which required an emergency room visit for an intravenous dose of a medication. Eventually, she was scheduled for a procedure involving inserting a specialized catheter in her groin, reaching the relevant heart chamber and selective burning of anomalous electrical channels. From the economic side (my appraisal based on relevant inputs), I estimated the total cost to be about 5000$ CDN but the direct cost to me is difficult to assess because I live in area where medical care is 'free'. When my daughter got scheduled for the procedure, I met a member of the extended family who 'recommended' that I go to the US in order to get this done as he knew somebody who had done so. Why would I do that? He said the treatment must be awesome because it had cost the person 25000$ USD. From a balanced point of view, there are reasons for a premium. But what is reasonable? I don't think Mr. Pearson answered that question appropriately.

     

    https://www.aging.senate.gov/hearings/valeant-pharmaceuticals-business-model-the-repercussions-for-patients-and-the-health-care-system

    The relevant part of the video starts at around 1h15min and you can download the prepared testimonies.

     

    Thanks sir. Yeah, understood. I hope all has gone well

    Source for historical Share Outstanding for individual stocks - canadian markets

    in General Discussion

    Posted

    Hello Team.

     

    I hope all are well :)

    Just been thinking that I don't really know of a good source for the Canadian marks, e.g. Toronto markets.

    I've done some search

    https://quant.stackexchange.com/questions/4079/data-source-for-historical-share-outstanding-totals-for-individual-stocks

    https://ycharts.com

    https://tradingeconomics.com/cco:cn:common-shares-outstanding - works well. maybe it is using US stock exchange as a source in the background?

    https://tradingeconomics.com/aim:cn:common-shares-outstanding - works well

    https://tradingeconomics.com/pg:cn:common-shares-outstanding - doesn't work

     

    And found few more but none of them seem to be working well with all the Toronto shares including the above. I'd really like to overlay this chart with the price per share chart.

     

    I'd choose the past 5 or 10 years, choose the number of outstanding shares, the price per share and just get that on the chart?

    Is any of this possible? If yes, can you please advise how? If not, do you happen to know of Toronto / Canadian markets service that provide this?

     

     

    Thanks

     

    Books on the concept of Time

    in Books

    Posted

    Hiya folks.

     

    Been thinking these 2-3 weeks and kind of getting to the concept of Time as an interdisciplinary concept. The pattern of its importance across different domains as well. I am almost done with Mark Spitznagel's book which emphasizes this long-term approach and time. Now, also reading mindfulness and meditation stuff and Time comes and jumps at me as a central concept. Sometimes I find this weird. It is like a topic has matured well enough in my head and then it gets a life of its own.

     

    I am yet to read Time Paradox, by Philip G Zimbardo.

     

    My question is do you know some other books that explore this concept, in practical terms?

    I've read all of Taleb's books.

     

     

    Thanks

    CSE - canadian securities exchange

    in General Discussion

    Posted

    Hello folks

     

    I hope you're well

     

    Do you know which brokerage services support http://thecse.com ?

    It must be a brokerage service either:

    1. In Australia, or

    2. An International one, which works online and accepts international investors

     

    Ideally I'd like a full online platform

     

    If you know one, please suggest. I checked with IB, they do not work with CSE. I checked some other too and for some I am waiting for a response. No success so far. So, I thought to check with you if any of you know one that supports CSE

     

     

    Thanks

    TORSTAR

    in Fairfax Financial

    Posted

    sedi.ca tells me they are 10% holder, and "Date the insider ceased being an insider of this issuer" is empty

     

    Date the insider became an insider of this issuer 2006-11-07

    TORSTAR

    in Fairfax Financial

    Posted

    Is fairfax still in?

     

    http://quote.morningstar.ca/Quicktakes/owners/ConcentratedShareholders.aspx?t=TS.B&region=CAN&culture=en-US

    2015 MIC http://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00002739&fileName=/csfsprod/data151/filings/02327196/00000001/j%3A%5Ctorsdr01%5CMar_30%5CTorstar%5CInfoCirc.pdf

     

    neither in 2014 MIC

    http://www.sedar.com/GetFile.do?lang=EN&docClass=10&issuerNo=00002739&fileName=/csfsprod/data149/filings/02184313/00000001/j%3A%5Ctorsdr01%5CMar_28%5CTorstar%5CInfoCircular.pdf

     

     

    I dont see it here:

    http://www.fairfax.ca/files/doc_financials/2015-Q1-Interim-Report-printers-for-website_v001_o5n552.pdf

    http://www.fairfax.ca/files/doc_news/2015/Revised-2014-Annual-Report_v001_n818c7.PDF

     

    I see some recent (2015) references to fairfax

    http://www.stockhouse.com/companies/bullboard/t.ts.b/torstar-corporation

     

    Where can I check class b shares holdings, >10% or so?

     

    Thank you

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