https://financialpost.com/news/economy/more-canadian-firms-than-ever-are-seeking-creditor-protection/wcm/05d71c4f-e8f0-43b2-9478-f4b84368f989/
In the three months through June, 27 firms were granted protection under the Companies’ Creditors Arrangement Act, a federal law that gives insolvent corporations that have debt of more than $5 million (US$3.7 million) an opportunity to restructure and avoid liquidation. That’s the most in any quarter since 2009, which is as far back as the data are available, according to the Office of the Superintendent of Bankruptcy.
Tuesday, August 4, 2020
WE Fiasco Forgotten after a Long Weekend?
Here in Ontario, we have enjoyed a stormy Lord Simcoe Day holiday weekend. And before everyone jumps on the ship of "find faults with any historical white figure in Canada's history", look him up!
As the headlines were filled all week, last week, with the latest from Trudeau in the hot seat as well as staff member Katie Telford over involvement in WE charity - both failing at convincing the Committee and Canadians in general, in line with the shifty Keilburger brothers themselves - there is no holding the feet to the fire this week.
After a long weekend, nothing appears in the National Post, Financial Post Toronto Scar or the Globe and Fail this morning except an article that ALL charities are likely to feel some affect as the public grows suspicious of donating and one new article I saw was outlining the brothers Kielburger's connections throughout the USA. Well you can thank the Kielburgers for that.
Amazing how the media works. Like goldfish. Distracted by a long weekend, now on to the next shiny new story...
As the headlines were filled all week, last week, with the latest from Trudeau in the hot seat as well as staff member Katie Telford over involvement in WE charity - both failing at convincing the Committee and Canadians in general, in line with the shifty Keilburger brothers themselves - there is no holding the feet to the fire this week.
After a long weekend, nothing appears in the National Post, Financial Post Toronto Scar or the Globe and Fail this morning except an article that ALL charities are likely to feel some affect as the public grows suspicious of donating and one new article I saw was outlining the brothers Kielburger's connections throughout the USA. Well you can thank the Kielburgers for that.
Amazing how the media works. Like goldfish. Distracted by a long weekend, now on to the next shiny new story...
Is Big Tech Going the Way of Large Cap Gold Producers
The emphasis seems to be moving away from apps, devices, innovation that can either solve a need or just be "cool" for a certain demographic of technology adoptors, and towards "Bigger is Better!".
As the FAANG stocks all try to vie for the largest market cap...in history! companies are acquiring other businesses to stay relevant.
Apple CEO Tim Cook claimed, straight-faced, that Apple had no dominant position in anything they did (outrageous) at a recent inquiry of several top tier technology companies. Meanwhile, Microsoft acquires Tik Tok.
This reminds me of my career in the gold industry. Early in my career, I learned the two behemoths, Barrick Gold and Newmont Gold, would bask in the slightest of relative share price performances. That is, no matter what was happening to either company, as long as one CEO walked by the bloomberg terminal and saw his share price than the other, there was order in the universe. It did not matter if costs were rising, capital expenditures had blown out, a mine was shutdown by a government, grades were decreasing, gold prices were decreasing, departures of key management, analyst downgrades, reduced guidance, etc.
If this is the trend, it is time to take profits in Big Tech, buying puts or outright sell everything, I am looking at out of the money puts, with a one week expiry, ahead of a long weekend preferably.
More to report later...
As the FAANG stocks all try to vie for the largest market cap...in history! companies are acquiring other businesses to stay relevant.
Apple CEO Tim Cook claimed, straight-faced, that Apple had no dominant position in anything they did (outrageous) at a recent inquiry of several top tier technology companies. Meanwhile, Microsoft acquires Tik Tok.
This reminds me of my career in the gold industry. Early in my career, I learned the two behemoths, Barrick Gold and Newmont Gold, would bask in the slightest of relative share price performances. That is, no matter what was happening to either company, as long as one CEO walked by the bloomberg terminal and saw his share price than the other, there was order in the universe. It did not matter if costs were rising, capital expenditures had blown out, a mine was shutdown by a government, grades were decreasing, gold prices were decreasing, departures of key management, analyst downgrades, reduced guidance, etc.
If this is the trend, it is time to take profits in Big Tech, buying puts or outright sell everything, I am looking at out of the money puts, with a one week expiry, ahead of a long weekend preferably.
More to report later...
Anyone Remember Kodak? Now One of the Best Performing Stocks! Up 2,760%
https://financialpost.com/investing/kodak-shares-rally-drugs-pivot-photography-cryptocurrency-failure/wcm/40bc0e07-5e79-4035-acc1-48fd48bc3bd5/
From phyical photos to crypto currency to drug manufacturer, up 2,760%
"Kodak shares rise 2,760% as company pivots to drugs after failing at photography, cryptocurrency
Kodak plans to make ingredients for generic drugs, aided by a US$765 million U.S. government loan, but experts are skeptical"
From phyical photos to crypto currency to drug manufacturer, up 2,760%
"Kodak shares rise 2,760% as company pivots to drugs after failing at photography, cryptocurrency
Kodak plans to make ingredients for generic drugs, aided by a US$765 million U.S. government loan, but experts are skeptical"
Saturday, July 25, 2020
Gold: A Perfect Storm of Circumstances Sees Gold Above US$1,900/oz...and going
Looking to purchase puts for the last intra-day peak of $1,923/oz basck in ~2011
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