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You are correct SafetyinNumbers (Method would be shorter but, anyway). The drop in the preferreds B and D can only be explained by fear in the marketplace: fear that price will keep heading down or a panic. Logic has left town a while ago. Cardboard

Goodman will probably say that he needs a few more months to review the portfolio... Anyway bought a bit of stock and preferreds today on this craziness. You were correct Petec, summer months, no announcement of doing anything and things can get crazy cheap. Cardboard

"I'm not saying there can't be indirect benefits..." "There are historical graphs that show fuel economy improvements over time, and it's quite clear that without CAFE standards pushing for more, there's very little that happens. Decades of stagnation when standards remained the same, followed by rapid improvement when standards tightened." You tell me that it is indirect and now you pretty much bring the conclusion that it is direct. Do you simply like arguing or what? Cardboard

If you are anti-CO2 and want it shut down quicker, this is a gift from Trump. Why? Because regulating lower carbon emissions from ICE has lead to dramatic improvement in fuel consumption. This in turn lower cost to consumers and lower cost of oil. This slows down the adoption of EV's and hybrids. My point about lower energy costs for Californians is around the really strict refining laws around petroleum products sold in California. Cardboard

What about lower energy cost for Californians? Cardboard

Please put this in the Politics section as I was asked a few times prior. Thank you! Cardboard

So you physically went Gamecock-YT? If so, great for you! I am sick of this demonizing shit. I don't like this oligarchs thing although, we have selfish pigs such as Bezos, Zuckerberg and Musk to name a few, but the people are as good as us. Cardboard

Russia has put together one of the best World Cup in decades: https://www.cnbc.com/2018/07/12/world-cup-has-broken-russian-stereotypes.html Cardboard

"So far, only 29 people have contributed in 24 hours for a whopping $268 toward the goal. GoFundMe does note, however, that the campaign is trending." This is hilarious thanks Rkbabang! Who are the idiots who gave $268? Unreal!!! Cardboard

Wow! Beating Gates and Zuckerberg at the billionaire gate! Go girl! Kylie Jenner, 20, may soon be the world's youngest self-made billionaire http://www.cnbc.com/id/105323427 Cardboard

Liquidate the whole thing is the best and only logical scenario. I doubt very much they will do that but, that is what should happen if that Jonathan Goodman was smart but, that is Dumbdee remember? Where is it said that they have had success in mining and wealth management? Where are these resounding successes? Barrick, Teck, GoldCorp, Investors Group, banks? They are nowhere near any of these known Canadian companies. All I see is incompetence all around. When you are too dumb to realize that buying your debt for 40 cents on the dollar while you can by selling garbage investment with little to no upside then it only indicate that you are really dumb. Cardboard

I think that you guys are a little dishonest with yourself. Have you not ever dreamed of being the best at your sport or craft? Depending on what it is, fame will follow. It could be more or less depending on the popularity of said activity but, there is no way around it. It must be a pain at times but, there are many benefits. For Tom for example, I am certain that he walks into almost any restaurant or clothing store and it is on the house. And if you are fully happy today with what you got, then why do you invest money? Just because you like doing it? Why don't you spend all of your time instead doing what you enjoy best, family, etc.? Time is our most precious commodity you know and I see money as a tool to get more time. That is the biggest benefit of wealth IMO. Then all the goodies won't necessarily make you happier but, why would they hurt? Reminds me of old Buffett who used to complain constantly in the 80's about the cost of the private jet owned by Berkshire. Do you hear these complaints today? Do you also believe that he goes to the worst golf courses to save money? Do you think he hates it when young, good looking female reporters come rubbing him to hear his wisdom? Cardboard

It is not jealousy at all. Maybe some envy? I really like Tom. He has got it all and I am really happy for him. Now if these stupid oil stocks could go up a bit... Cardboard

No, I am going to see some strippers. Cardboard

of being a poor "relative" piece of shit: Cardboard

What about $78 Brent for the Chad venture? The whole thing is retarded, just like for oil stocks. People find plenty of excuses not to buy and they foresee the next 5 recessions and 2 depressions. Where is skepticism in the S&P or TSX? Parq is prime Vancouver real estate! Bought some DC.PR.B today and was close to get more common. Cardboard

Canadian energy and service stocks (exclude majors such as Suncor). Cardboard

"Part of the reason why Buffett is holding onto these stocks is precisely this. He probably cannot find alternative mega cap stocks that fit his investing framework other than, e.g., Apple." And it is not like he is out of cash to buy the FANG stocks or something else. So he is making a conscious decision that he does not want to own that stuff. At least at this price. If you think that Buffett is purely passive then you should note that Washington Post became Graham Holdings and it is now gone, effectively sold his P&G stake which had bought Gillette, recently forced the hand of executives at USG to sell out. Therefore I would think that you are quite mistaken to believe that he is not having a very critical look of the portfolio at all times and looking at potential alternatives. Finally, when things go on for a long time, some assume that it will continue forever. Now we have some millenials who have started to invest in the last 5 or 6 years, never experienced a bear market, never experienced a recession, never seen a true panic and are now smarter than the greatest investor of all times... They probably should read the Intelligent Investors and get a feel for history. Cardboard

Come on guys... They have $100's of millions of assets that can be sold to easily cover. They have no debt other than this maturity of $82 million. Rest are preferreds "B" and "D" with no maturity. They had cash of $37 million at HQ on March 31. The unused credit line of $20 million (other than $3.8 million for letters of credit) will be renewed over the next few days with the new CFO and could be used to repay a portion of it. Someone could lend them money at 8-10% subordinated only to the bank debt, guaranteed by assets with covenants, etc. And I am certain that this preferred could be extended once more for a good chunk of existing holders if terms are slightly improved. Cardboard

"Well you can call it propaganda. But the EU overproduces and the US over produces. I can't say definitely about the rest but what I've called there is at least 1/2 of global supply. Nevertheless, you've started this thread about Canadian tariffs. They are totally justified against a trading partner that wants to seriously dump in your market. Whether we keep or don't keep supply management is an internal matter that has nothing to do with dairy tariffs or trade. Maybe you want to start a thread called "I want to bitch about Canadian Supply Management" ." Supply management is wrong no matter how you cut it. I am actually very happy that Trump indirectly brought this issue forward as many Canadians are now getting aware of how they are being ripped-off. And if there is so much over-production, from so many places, then why the fear of "running" out of milk? You actually do really sound like Trump regarding this issue. Soon enough are you going to tell us that if our country does not produce milk that we don't have a country? Cardboard

"On dairy specifically. Dairy is one of those industries prone to overproduce and destroy themselves. Countries deal with this in different ways. Canada uses supply management. The US uses huge subsidies. In fact the whole US dairy industry produces at a loss. The only thing that keeps it going are huge subsidies. Canada does not subsidies producers." This is totally false and propaganda from dairy farmers. Same from chicken farmers or the meat that anyone in poor countries produce in their own backyards! Cheapest meat on Earth and a chicken breast sells for the same price as steak in many grocery stores in Canada! Canadians do provide an enormous subsidy to farmers by paying double the price of the normal price for the product at the grocery store. That is the cost of supply management which gives guaranteed pricing to producers no matter what. No cyclicality. Wonderful cartel. If you guys want to block American dairy from coming in, fine. However, supply management must go. Cardboard

No need for nukes, just balls. You guys don't like Trump? You guys don't like these steel and aluminium tariffs? Would you like regime change? There is an election coming in November and Trump appears quite worried about gasoline prices with a few tweets on that already. -> Cut the oil supply That is it, reduce significantly the amount of oil heading down there, especially heavy. Compensate companies for the few weeks/months required. Just the threat of it will make gasoline prices in the U.S. to explode. We are apparently a national threat to their security so why not? Trump will try to tap into the SPR but, it will be too late and not the right kind of oil. Then Democrats will win the election in both Senate and Congress and impeach Trump. Cardboard

"But Canada isn't Rosie O'Donell. Also Canada doesn't conduct foreign and economic policy via twitter." Can't tell you exactly what Canada is but, I am certain of this, we are as close as it gets to beggars relative to the U.S. Regarding foreign and economic policy it is mostly about PeopleKind and apologizing. Trudeau has been unbelievably weak in his handling of TransMountain (which is one element to help fix this dependency on the U.S.). Now he has to do a trade deal with a country (politicians) completely out of his control from a position of weakness. Good luck! He seems to act like the global community will fix it for him because we are polite... LOL! Regarding this supply management stupidity that some farmers and groups impose on our citizens to enrich themselves, it must go! This is not a choice from Canadian people. Moreover, if you believe that this protects the small farmers you are naive or unaware of what is going on. Quotas have become so expensive, that the only rational decision for a small farmer is to sell the farm to a large operator: annual return vs at risk capital (at market) is in the low single digits. Then if the family wants to retain the farm (still stable income and if they like this work), it creates very large internal issues. It is near impossible for a kid to acquire the farm without significant parental help which typically leads to family fights over money: one gets it all. Cardboard

Removing production quotas on milk, eggs and chicken is a no brainer. We don't have them on beef, pork, cereals and what is the issue please? I can understand the hormones thing but, I am sure that is something workable with the U.S. or another excuse from Canadian producers. If you saw what they feed animals with (especially chickens) with all the antibiotics and everything else in between you would consider this a farce. It is a system meant to help the small, unproductive farmers to stay in business. A union type of system. And some get really rich through this. Cardboard

Canada and U.S. trade is being held up by one thing: farming. Time for Canadians to stand up and tell milk, egg and chicken producers to compete like anyone else. Consumers should stop paying double the price for these products to only enrich large producers or allow unproductive farming. Cardboard