stock tok etc.

..et d'autres discussions ennuyeuses
User avatar
Slick Nick
Registered Broad
Posts: 7781
Joined: Wed Jun 03, 2009 11:40 pm
Has given rep: 1272 times
Received rep: 823 times

Re: stock tok etc.

Post #1501 by Slick Nick » Fri Jun 28, 2019 10:28 pm

PredsFan77 wrote: Sitting on a shit ton of cash is what I care about not this bullshit bitcoin shit


Crypto infrastructure getting much better.. can cash out almost instantly nowadays, even in Canada.
User avatar
PredsFan77
Posts: 17753
Joined: Fri Oct 24, 2008 12:53 am
Location: 7 TIME LOUNGE JEOPARDY CHAMP!!!
Has given rep: 165 times
Received rep: 552 times

Re: stock tok etc.

Post #1502 by PredsFan77 » Sat Jun 29, 2019 9:31 am

$FRMO
CDX.NA.IG.9









[LEFT]Image[/LEFT]
User avatar
Ricard_Persson
Posts: 3017
Joined: Fri Mar 24, 1989 2:21 pm
Has given rep: 72 times
Received rep: 102 times

Re: stock tok etc.

Post #1503 by Ricard_Persson » Thu Jul 04, 2019 2:10 pm

RCH up 10% today on good news/earnings. It's been a dog for months so nice to see the change.

I knew something was up because over the last 10 days there were some giant buys. Lots of big volume. The stock world is so crooked, as I'm sure the news was out beforehand. It would be nice to sneak into those lists of guys who get the news before the news.
User avatar
PredsFan77
Posts: 17753
Joined: Fri Oct 24, 2008 12:53 am
Location: 7 TIME LOUNGE JEOPARDY CHAMP!!!
Has given rep: 165 times
Received rep: 552 times

Re: stock tok etc.

Post #1504 by PredsFan77 » Sun Jul 07, 2019 7:57 pm

cant wait for the bullshit QE/tech bubble/everything bubble to burst

CDX.NA.IG.9



















[LEFT]Image[/LEFT]
User avatar
Slick Nick
Registered Broad
Posts: 7781
Joined: Wed Jun 03, 2009 11:40 pm
Has given rep: 1272 times
Received rep: 823 times

Re: stock tok etc.

Post #1505 by Slick Nick » Tue Aug 06, 2019 10:46 am

Slick Nick wrote:I'd place a buy order around 16,75$ :mkbét:


Image
User avatar
Slick Nick
Registered Broad
Posts: 7781
Joined: Wed Jun 03, 2009 11:40 pm
Has given rep: 1272 times
Received rep: 823 times

Re: stock tok etc.

Post #1506 by Slick Nick » Tue Aug 06, 2019 10:47 am

Still not sure I would buy it without a reversal signal.
User avatar
AD
Posts: 24344
Joined: Fri Mar 10, 2006 10:30 pm
Location: Here
Has given rep: 712 times
Received rep: 811 times

Re: stock tok etc.

Post #1507 by AD » Tue Aug 06, 2019 11:13 am

The inherent value of their capital assets, like, for example, their stake in the 407 highway, is more than than the overall valuation right now.

So in essence, the market is giving the company, the engineering, the entire business, a negative value. Less than liquidation value.

¯\_(ツ)_/¯

Still not buying though...
User avatar
Dog
Registered Broad
Posts: 1464
Joined: Wed Oct 01, 2008 2:53 pm
Has given rep: 1917 times
Received rep: 215 times

Re: stock tok etc.

Post #1508 by Dog » Tue Aug 06, 2019 1:27 pm

Seems to be trading at a P/B of .85. I guess investors consider CDPQ would ward off any foreign takeovers and the restructuring needed to return to profitability to be a long and arduous road. Company could become a bit of a “walking zombie”, neither dying nor recovering strength, for a long while if takeovers are taken off the table. Book value could be eroded or realization be too far off to allogn IRR with risk profile. Also, don’t know how “representative” their book value accounting is. This is mostly a services company with most of its value tied up on intangibles, human ressources and ability to deliver on contracts. That could all erode with time.

Still, at this price, seems like a ok long term “risky” shot. And, hey, maybe a takeover goes through sooner than expected.

:dunno:
User avatar
AD
Posts: 24344
Joined: Fri Mar 10, 2006 10:30 pm
Location: Here
Has given rep: 712 times
Received rep: 811 times

Re: stock tok etc.

Post #1509 by AD » Tue Aug 06, 2019 3:04 pm

Most of its value "was" book value.

- SNC's stake in the 407 is about 3 billion dollars.
- They also acquired, in the last 4 years, 2 massive engineering firms, in 2015, Kentz, for 2 billion and in late 2017,
- Atkins, for 3.2 billion.

That's 8.2 billion, of which 3b is a capital asset and 5.2b is recently evaluated after a transaction.

Even assuming the other 35,000 employees (i.e., the non Kentz, non Atkins employees), projects, revenues etc. are worth zero.. (which is entirely possible)..

current valuation is.. low..


Still. Risky.
User avatar
Dog
Registered Broad
Posts: 1464
Joined: Wed Oct 01, 2008 2:53 pm
Has given rep: 1917 times
Received rep: 215 times

Re: stock tok etc.

Post #1510 by Dog » Tue Aug 06, 2019 4:23 pm

You have to remove debt and other liabilities. Their price to earnings ratio seems to be around .85 with a market cap just under 3B (so some 3.5B book value).
User avatar
Slick Nick
Registered Broad
Posts: 7781
Joined: Wed Jun 03, 2009 11:40 pm
Has given rep: 1272 times
Received rep: 823 times

Re: stock tok etc.

Post #1511 by Slick Nick » Wed Aug 14, 2019 8:03 pm

Is it finally happening?
User avatar
PredsFan77
Posts: 17753
Joined: Fri Oct 24, 2008 12:53 am
Location: 7 TIME LOUNGE JEOPARDY CHAMP!!!
Has given rep: 165 times
Received rep: 552 times

Re: stock tok etc.

Post #1512 by PredsFan77 » Wed Aug 14, 2019 10:46 pm

I hope so, I got my eye on a few Whistler condos
CDX.NA.IG.9



















[LEFT]Image[/LEFT]
User avatar
Dog
Registered Broad
Posts: 1464
Joined: Wed Oct 01, 2008 2:53 pm
Has given rep: 1917 times
Received rep: 215 times

Re: stock tok etc.

Post #1513 by Dog » Wed Aug 14, 2019 10:56 pm

A global recession would be right on time for the 2020 election.

:fingerscrossed:
User avatar
PredsFan77
Posts: 17753
Joined: Fri Oct 24, 2008 12:53 am
Location: 7 TIME LOUNGE JEOPARDY CHAMP!!!
Has given rep: 165 times
Received rep: 552 times

Re: stock tok etc.

Post #1514 by PredsFan77 » Wed Aug 14, 2019 11:12 pm

more likely trump puts us in negative interest rates and senile joe has to deal with the fallout
CDX.NA.IG.9



















[LEFT]Image[/LEFT]
User avatar
Dog
Registered Broad
Posts: 1464
Joined: Wed Oct 01, 2008 2:53 pm
Has given rep: 1917 times
Received rep: 215 times

Re: stock tok etc.

Post #1515 by Dog » Wed Aug 14, 2019 11:14 pm

PredsFan77 wrote:senile joe has to deal with the fallout


Exactly.
User avatar
PredsFan77
Posts: 17753
Joined: Fri Oct 24, 2008 12:53 am
Location: 7 TIME LOUNGE JEOPARDY CHAMP!!!
Has given rep: 165 times
Received rep: 552 times

Re: stock tok etc.

Post #1516 by PredsFan77 » Wed Aug 14, 2019 11:23 pm

Dog wrote:
PredsFan77 wrote:senile joe has to deal with the fallout


Exactly.



CDX.NA.IG.9



















[LEFT]Image[/LEFT]
User avatar
Slick Nick
Registered Broad
Posts: 7781
Joined: Wed Jun 03, 2009 11:40 pm
Has given rep: 1272 times
Received rep: 823 times

Re: stock tok etc.

Post #1517 by Slick Nick » Fri Aug 16, 2019 4:03 pm

meme lines never lie.

User avatar
chicpea
Registered Broad
Posts: 7121
Joined: Fri Oct 24, 2008 11:09 pm
Location: lagoons or ditches
Has given rep: 966 times
Received rep: 689 times

Re: stock tok etc.

Post #1518 by chicpea » Mon Aug 19, 2019 1:14 am

This is the post-IPO structure of WeWork, now known as We Company.

Image
User avatar
Dog
Registered Broad
Posts: 1464
Joined: Wed Oct 01, 2008 2:53 pm
Has given rep: 1917 times
Received rep: 215 times

Re: stock tok etc.

Post #1519 by Dog » Mon Aug 19, 2019 10:16 am

Separate classes of shares post-IPO? Also don’t like the intermediated partnership structure. Wouldn’t want management fees or carried interest siphoned off. This looks like a pre-IPO structure. Could be fine -economics in the partnership could fully flow up and the separate class of commons could just be to preserve different cost basis, but it’s weird and raises some flags that management could be siphoning off economics below the top holco.
User avatar
Dog
Registered Broad
Posts: 1464
Joined: Wed Oct 01, 2008 2:53 pm
Has given rep: 1917 times
Received rep: 215 times

Re: stock tok etc.

Post #1520 by Dog » Mon Aug 19, 2019 11:16 am

This link doesn’t go into much detail (I’m not reading the registration statements for you idiots), but the separate class of commons are to allow management to keep control through multi-voting shares. Also seems to be a myriad of pre-IPO related party transactions. Also, management will get distributions from the partnership, while other investors go through the top holdco.

https://www.google.ca/amp/s/www.cnbc.co ... hings.html

This is such bad governance and misalignment of interests. Hope this flops bad.
User avatar
chicpea
Registered Broad
Posts: 7121
Joined: Fri Oct 24, 2008 11:09 pm
Location: lagoons or ditches
Has given rep: 966 times
Received rep: 689 times

Re: stock tok etc.

Post #1521 by chicpea » Mon Aug 19, 2019 11:23 am

I have zero interest in an argument over this.
User avatar
PredsFan77
Posts: 17753
Joined: Fri Oct 24, 2008 12:53 am
Location: 7 TIME LOUNGE JEOPARDY CHAMP!!!
Has given rep: 165 times
Received rep: 552 times

Re: stock tok etc.

Post #1522 by PredsFan77 » Mon Aug 19, 2019 1:06 pm

Susf
CDX.NA.IG.9



















[LEFT]Image[/LEFT]

Return to “Le mur de messages”

Who is online

Users browsing this forum: No registered users and 1 guest