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Alekbaylee

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Posts posted by Alekbaylee

  1. I guesssed it's something like this.. I do personally know 1 girl who's a value investor but always wondered why there weren't more..

    Frankly, I'm surprised to hear there is one.

     

    You mean just/only one or even one?

    Looks like up to now we have 2.

  2. Phew! My heart was pounding while watching!

     

    Heard that many of those technicians are Natives. For some reason heights does not bother them at all. Or is it an urban legend?

     

    Anyway, considering the technology we have nowadays (think about the Canadian arm or even tanker airplanes), I'm surprised it's still done that way, i.e. without some sort of equipment.

     

    Actually, I could never go up a fraction that height...as I've gotten older, I've started suffering from a bit of vertigo.  It's funny, from when I was a little boy right up to my early 20's, heights did not bother me at all.  I used to rock climb, bungy jump, downhill ski on high, steep slopes and there wasn't a tree or rooftop in our neighbourhood that I had not scaled to the top.  But probably about 8-9 years ago, I started to get a bit of vertigo from heights and it was even difficult to look straight down from our old office's 16th floor balcony.  Cheers!

     

    Same happened to me.

  3. Turar: Depends on the jurisdiction. Some allow the information to be public (i.e. Montreal, Laval, etc.); others restrict the viewing to property owners only (and real estate agents, lawyers, etc.).

     

    Have a look at :

    http://ville.montreal.qc.ca/pls/portal/docs/PAGE/EVALUATION_FONCIERE_FR/MEDIA/DOCUMENTS/USERGUIDEWEB.PDF

    http://ville.montreal.qc.ca/portal/page?_pageid=3137,3571745&_dad=portal&_schema=PORTAL&t=1

    http://www.ville.laval.qc.ca/wlav2/wlav.frame.show?p_url=%2Fwlav2%2Feval.app.show&p_returnUrl=%2Fwlav3%2Findex.php%3Fpid%3D302

     

    Ontario has a specially dedicated agency for that : the MPAC (see mpac.on.ca).

     

    I suppose it's roughly the same elsewhere. So you have to fetch a bit.

     

    Alek

     

     

     

     

  4. Interesting. I'm surprised they spend only 15% on groceries, restaurants and delis.

    I spend a lot more than that and believe me it doesn't end up in the garbage bin.

    Then maybe we pay a lot more for these stuff up here in Canada...?

     

    And they don't buy a lot of books/magazines (but then maybe they read online and borrow books from the library). Wonder if that number includes schools books or not.

  5. FBK appeals the BDR decision.

     

    http://www.newswire.ca/en/story/927105/fibrek-to-appeal-decision-cease-trading-private-placement-of-special-warrants

     

    Hubert T. Lacroix, Chairman of the Board of Directors of Fibrek added: "We were surprised to learn during the hearing that in mid-November 2011, only two weeks before signing a hard lock-up agreement with Abitibi for a $1.00 offer, Fairfax Financial Holdings Limited refused to sell its common shares of Fibrek to Mercer for a superior value than that of the Abitibi bid, after having been approached by Mercer.

     

    "We also realized that Steelhead Partners, LLC, who has indicated in writing having tendered its common shares of Fibrek to Abitibi, has accumulated 96% of its 6,479,000 common shares of Fibrek after the Abitibi bid was announced.  It appears that the majority of those purchases were made at a price above the $1.00 Abitibi bid. One could ask 'what is the business purpose of entering into such a trade?' This is a troubling question. It seems strange that any investor would buy shares at prices above $1.00, only to tender them to a lower bid, and this when there is a superior offer by Mercer on the table, at $1.30.  It is important to note that Steelhead owns 13% of the outstanding common shares of Abitibi valued at approximately $200 million, with Abitibi representing approximately 15% of the Steelhead portfolio," concluded Mr. Lacroix.

     

    To Fibrek's knowledge, Abitibi has not obtained all regulatory approvals required to satisfy the conditions of its offer and has not waived its minimum tender condition of 66 2/3%. Consequently, Abitibi is not currently in a position to take up and pay for any Fibrek common shares tendered under its bid which are subject to the right of withdrawal.

     

     

  6. As of the close of business on February 10, approximately 66 million common shares of Fibrek had been deposited to the offer, representing approximately 52% of the outstanding common shares.

     

    As of the close of business on February 23, 2012 approximately 67 million common shares of Fibrek had been deposited to Resolute's offer, representing approximately 51.5% of the outstanding common shares.

     

    So in 2 weeks, they managed to get only another 1 M shares, for roughly the same percentage.

    I doubt they will get to the needed threshold without increasing their bid up a bit.

     

    Interesting to watch.

  7. As a result of the rise in catastrophes, insurance premiums are also rising, and so now is actually a good time to be writing such business, Mr. Watsa added.

     

    The big advantage is that when this happens, pricing goes through the roof. The pricing in Japan has gone up very significantly, and pricing in Thailand is going up. When I say ‘significantly,’ I’m talking 50 to 100 per cent, big price increases.

     

    http://www.theglobeandmail.com/globe-investor/watsa-sticks-to-his-guns-as-pessimism-proves-costly/article2341221/

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