Bought more GDC.TO today...
Genesis is a land owner and home developer in Metro Calgary..
Calgary detached house price as well as the volume are bouncing back quickly..
https://www.creb.com/Housing_Statistics/Daily_Housing_Summary/?tab=2
Bought some preferred shares of Husky Energy: HSE.PR.A, HSE.PR.G; 9%+ dividend yield from a solid investment grade issuer;
Its ultra-long term (2037 maturity) bond trading at 5.4% YTM, so the credit spread is simply too large to ignore...
For Transalta, the exchange will NOT succeed.
I am accumulating more TA.PR.D and TA.PR.E. The proposal reminds me of a recent exchange in Dundee's preferred. Their management has to sweeten the deal to make it though. We probably will see a at lease 25%+ capital gain with in 3-6 months here for D and E.
This would be my best idea for year 2017
Where are you, hedge funds and activist investors?