Malmqky

Upside is ~ 30%, definitely lower than I'd like. Downside doesn't seem too bad however, so the risk/reward skew seems *ok* to me. Even if the deal is pushed back yet again, my thinking is: TD wants the assets This may be TD's last chance to get a deal done in the US for a while assuming Biden gets another term Like you said, its stupid for regulators not to approve it This set-up makes me believe some kind of sale is going to happen within the next few months here, hopefully in the $22-25 per share range. EDIT: Great timing on this one lol

FHN. I expect TD to go through with the deal, albeit at a lower price.

Starter in TCEHY. Looking at BABA..

More MSGE, WRB, a little EWBC

We certainly might be overestimating the upside…but the downside seems pretty limited. Assuming management isn’t lying about the switch, the bear case is extremely weak.

Nintendo and Fairfax

Good analysis. How would you play this? CNQ looks good, CVE looks solid as well. Would you buy a basket or do some companies stand out to you?