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york

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    Suck It Value Investors! You guys suck!

    in General Discussion

    Posted

    Gold, silver, copper, and uranium.

     

    Can I still be a value investor if these are my core holdings?

     

    What precautions do you need to take to store/handle uranium?

     

    hqdefault.jpg

     

    Uranium investments get interesting once you reach critical mass.

     

    You have to diversify to avoid the blow up.

     

    It is a regulated material so you have to protect and secure it. 

    I would suggest putting it in your right front pocket and at night sleeping with it under you pillow. ;)

     

    I've found lead wool blankets (https://marshield.com/medical-shielding/lead-blankets/), but I can't seem to find lead pillow covers anywhere. Weird.

     

    Too bad MarsMetal wasn't publicly traded...

    What are you buying today?

    in General Discussion

    Posted

    Do you mean TSX:MDI? What are your thoughts there?

     

    TSE: MDI

     

    Yeah, Major Drilling. Great outlook. The have rigs going back to work (that where shutdown do to Covid) and more contract working coming - this should lead to some real pricing premiums on their part. Miners are very antsy to get holes in the ground to increase reserves this summer - especially amongst the group that will be looking at the M&A route in the future. I am not convinced that the writedown at last earnings was really necessary but it has helped to pick up shares below $5 - I think the RBC price target of $6 is on the low side.

    What are you buying today?

    in General Discussion

    Posted

    BB

     

    Would love to know your insights about it? Are you buying it because it's cheap on as asset basis where essentially 10% of market cap is cash or do you have any insights that their earnings will grow at a healthy clip which will rerate the stock?

     

    You're correct in saying their balance sheet is very attractive.

    I couple things I'm thinking about regarding BB:

    1. I think they have done a great low key job in becoming the "Shopify" of online security and protection (WFH, combined with current political and economic stress are doing a great job in filling these sails.)

     

    2. I would say Prem has done a great job in helping them find and define their circle of competence - and more importantly execute on it.

     

    3. In the transcript of Q4 John Chen said:

    BlackBerry has taken a number of steps to help the global community, including enabling remote working

    for our customers and employees, and we are taking the lead by offering a limited licence of our

    enterprise software products free to organizations around the world for 60 days.

    I think this impromptu "freemium" service is going to prove to be one of the best business decisions that BB has made in the past decade. There will be some customers sticking around on Day 61 - that is a Mark Messier guarantee.

     

    4. Shopify is creating a vacuum which should be backfilled by smaller Canadian tech companies. April ETF data showed an increase of 25% MoM in Tech Equity AUM.

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