Keep in mind he is getting shares @ a 30%+ discount to market. I see this as a positive development overall though, but we better wait for Happ to provide us with his advice.
Home Trust
- Thread starter SkyRider
- Start date
His reputation is worth more than the 30% discount. It will instill confidence in Home.
(I'm still piss at OSC "pay me $12 million or we'll kill your company" shakedown.)
$12 mill is pocket change. You can only buy 3 McLaren P1 LM @ $3.7 million each and a few Beamers for that much.
Yepper! Berkshire almost doubled its $153 million investment as of yesterday's close @ $19 . My forecast of doubling on the rise from the surge does not seem too far after all.
I would suggest the rise from $15 to almost $20 is due solely to the "Buffett Factor".
Question: Did anybody have balls or ovaries of steel and bought HCG at $5 or $6 or even $9?
Your knowledge with current news is up to par, but my forecast in it going back to it's fair market value is from my good working knowledge of the markets.
My comment/forecast on the "balls of steel" was shorting HCG from the top of the dip (and reversing position near $5...and forecasting it doubling again @ $14 ). A seasoned trader would have recognized a good value at this price point of @ $5-$6 under the current structure and circumstances of HCG - Warren also understood this.
You're the man. You and Warren think alike. Do you think Warren will keep his shares for the long term or take a quick profit? I think he will keep as that is consistent with his long term philosophy. Unfortunately, I think Canadian law prevents him ( a foreigner) from owning more than 25% voting shares or something like that.
P.S. I think Moody's will upgrade Home's credit rating now.
P.S. 2: The OSC is laughing all the way to the bank with the $30 million they got from shaking down Home and its executives. Easy money.
Just watched former Minister of Finance Joe Oliver interviewed by Amber Kanwar on BNN.
Amber asked the hard question of whether it was the action of the OSC that caused the depositor panic? Joe Oliver said the various governments and their agencies did nothing constructive publicly to calm the situation (maybe they did something behind closed doors?).
Amber asked the hard question of whether it was the action of the OSC that caused the depositor panic? Joe Oliver said the various governments and their agencies did nothing constructive publicly to calm the situation (maybe they did something behind closed doors?).
You're on the money on what his intentions are on this ride. If he ever pulls out, the market will react and you'll be the first to find out. :adoration:
This could be why Home Capital stock is on the move they got the hot card
https://www.hometrust.ca/credit-cards/preferred-visa-card/
https://www.hometrust.ca/credit-cards/preferred-visa-card/
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