Vanshon

This also caught my eye from the earnings release: On August 11, 2021 the company completed its substantial issuer bid, pursuant to which the company purchased for cancellation 7,046,979 subordinate voting shares for aggregate consideration of $105.0 million ($14.90 per subordinate voting share). In addition, the company continued to buy back shares under its normal course issuer bid and during 2021 purchased for cancellation 1,734,503 subordinate voting shares at a net cost of $21.9 million ($12.61 per subordinate voting share). Subsequent to December 31, 2021, the company purchased for cancellation 1,397,532 subordinate voting shares for a net cost of $18.0 million ($12.88 per subordinate voting share) under the terms of an automatic share purchase plan. The share volume and NCIB limits wouldn’t allow for nearly this volume. They must’ve purchased a > one million share position outside of the market? They really seem to be buying back whatever they can down here!

Any idea who would be selling this now? It feels like the buybacks take place around $12 but once the volume gets up and the daily limit is reached somebody is happy to sell down to $11.80. Especially after the SIB six months ago I’m surprised but happy to be able to buy it down here!

This table is made up! If you look at England’s numbers they have reported 233 total deaths as of March 21 including 40 on the 19th and 33 on the 20th. Yes it will get worse but this is a bit of fiction.

Most of the preferred shares mentioned here have moved up at least 20 -30% over the last three months. Aimia's preferreds moved up around 20% but then fell back around the time of their dividend. Any ideas why they aren't moving up with the other ones?

I've run this through a translator (the initial French language link is below) so forgive the grammar but it sounds like they're considering something to help sell the RBK. Can't we just sell the company rather than double down on RBK? After a happy new year 2010, Fibrek wants to diversifying its activities The Canadian Press. affaires.com. 23-02-2011 After experiencing a happy new year 2010, pulp producer Fibrek prepares to diversify by investing in new areas. Quebec-based company would like to especially engage in the manufacture of tissue paper like toilet paper and tissues. In a telephone interview Wednesday, President and CEO of Fibrek, Pierre Gabriel Côté, indicated that the company was considering to make an acquisition in this area, enter into a partnership with an established business or invest in a factory. "Really believed the addition of recycled tissue paper fibre and is super well positioned to deliver it to market", explained Mr. Côté. Fibrek will be able to take advantage of his "leadership" in the sector for Kraft recycled at the United States, submitted the leader. The company has two factories for the manufacture of this product: one in Michigan and West Virginia. http://www.lesaffaires.com/secteurs-d-activite/transport-et-produits-industriels/apres-une-bonne-annee-2010-fibrek-veut-diversifier-ses-activites/525029

Tim McElvaine was interviewed in the National Post on Nov 5th: "The only thing I'm somewhat interested in the United States right now is some of the TARP warrants, which were sold by the U.S. government on a number of the banks," McElvaine says. "They are a relatively low-risk way to get leverage if there is any type of stabilization in the United States." Not only do investors get a large seller in the United States, but the manager points out that pricing of these instruments isn't as fine-tuned as it could be since many investors aren't aware of them. They also have an eight-year life -- "a long time in the investment world." Read more: http://www.financialpost.com/Looking+trouble/3780495/story.html#ixzz14VTeZpzB

Results out - http://fibrek.ca/static/en/pdf/communiques_trimestriels/2010_3Q_PR.pdf

NBSK spot price is back up $10 to $984 today http://www.paperage.com/foex/pulp.html

Larry Sarbit had an article in the Globe and Mail yesterday outlining how he's buying U.S. stocks: http://www.theglobeandmail.com/globe-investor/investment-ideas/experts-podium/time-to-take-advantage-of-gloomy-us-equity-markets/article1684032/ He doesn't mention any names but his US equity fund fact sheet lists his Top 10 holdings: http://www.iaclarington.com/docs/factsheets/MF524a.pdf

9.7 million profit - 8 cents a share Only French releases so far http://lapresseaffaires.cyberpresse.ca/economie/fabrication/201008/04/01-4303900-fibrek-renoue-avec-les-profits.php

Just a real simple question - did Fibrek begin trading ex-rights yesterday? Thanks

A shuttered pulp mill in B.C to be re-opened in the fall with its production headed to affiliated Asian mills: http://www.vancouversun.com/news/thewest/Mothballed+mill+sold+autumn+opening+breathe+life+into+northern+town/2916623/story.html

Here's the transcript: http://seekingalpha.com/article/196766-air-transport-services-group-inc-q4-2009-earnings-call-transcript?source=yahoo

Alek, I used the average rate (about $1.14) as most of my transactions were in Feb/Mar of last year when the U.S. dollar was between $1.25 and $1.30 Canadian. That allowed me to report my gains at about 10-15% less than they would've been using the actual exchange rates. It is also a simpler way to do the calculations. If most of the transactions were later in the year ($1.05-$1.10) or if you bought at $1.25 and sold when the dollar was $1.10, the actual rates would be better to reduce you gains. Using the actual rates would probably work best for most people given that the Canadian dollar mostly got stronger through the year.

I still think there's some flexibility on how you report foreign capital transactions. This is from the CRA webite on Capital Gains: Publicly traded shares, mutual fund units, deferral of eligible small business shares, and other shares Use this section to report a capital gain or loss when you sell shares or securities that are not described in any other section of Schedule 3. These include: •publicly traded shares; •units in a mutual fund trust; •shares that qualify as Canadian securities or prescribed securities, if they are not qualified small business corporation shares or qualified family farm corporation shares; and •shares issued by foreign corporations. Report your gains or losses in Canadian dollars. Use the exchange rate that was in effect on the day of the transaction or, if there were transactions at various times throughout the year, you can use the average annual exchange rate. http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/cmpltng/mtlfnds/menu-eng.html

Alek, I was doing my taxes today and working out the exchange effects too. Assuming you've got some gains from last year, no capital losses to offset them and your tax bracket is steady from year to year it makes sense to use whichever rate method minimizes your gains. Why pay more than you have to? Although it sounds illegal the CRA (our IRS) allows you to use either their published average rate ($1.14197729 for 2009 for US dollar transactions) or the actual rates at the time of the transaction. There's not a lot of info on their website about it. I'm just not sure if you can use two different methods for the buy and sell parts of the same transaction. Anyone?

I live a couple hours from Toronto and always book through www.hotwire.com . You can usually book a nice 4 star downtown hotel for less than $100 USD/night (including all taxes). Hotwire doesn't allow any changes or refunds - once you book you're committed so make sure your plans are firm. It also doesn't reveal the hotel until after you've paid but if you use the site www.betterbidding.com you can usually figure out in advance what hotel it will be. What dates are you looking at? I could have a look and make some suggestions.