Weekday Ski Pass

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Weekday Ski Pass

Weekday Ski Pass

@NonObviously

Lawyer, patent agent Currently on sabbatical from real career Here to learn & share Writing about patents & investing Not legal advice, nor investment advice.

Montréal, Québec Beigetreten Kasım 2017
788 Folgt402 Follower
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
For all of you loving $BCE.to for its dividend (or worrying about it) ... why not just own the preferred shares? They yield from 7%-10% and the dividend reliability should not be in question.
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Weekday Ski Pass@NonObviously

$BCE 2022 FCF: $3,067M (2021: $2,980M) 2022 Dividend paid COMMON shares: $3,312M (2021: $3,132M) 2022 Payout Ratio Common: 108% (2021: 105%) 2022 Dividend paid PREFERRED shares: 136M (2021: 125M) 2022 Payout Ratio Preferred: 4.4% (2021: 3.99%) != Risk profiles. $ZPR

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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
GlobeMail story about ETF CEO taking money directly out of investors' funds. Now says she "intends" to repay. These stories of greed, (alleged) unethical behaviour and fall from grace will never get old for me. theglobeandmail.com/business/artic…
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
New board, same hill, utter joy. 🏂 😁
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
@tsxman $NRR.UN and $MRG.UN both trading sub 10.5x P/FFO. I've added to both in the past days.
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Chris in Canada 🍁
Chris in Canada 🍁@tsxman·
CIBC 🇺🇸🇨🇦 multifamily #REIT multiples from today. Interesting to note that $VRE & $MI.UN both tentatively already taken private on this list hence the multiple correction. Would bet gonna be others this year. $AVB $MAA $EQR $UDR $MAA $CPT $GO.U $KMP.UN $CAR.UN $NXRT $IRT $BEI.UN
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Cineplex
Cineplex@CineplexMovies·
Raise your hand if you saw #ProjectHailMary this weekend. 🤚 What did you think of the film? Let us know in the comments. 👇
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
, yield on cost is an example of endowment bias. Hearing about others' YoC is annoying as hell. (So, @CDInewsletter just there clickbaiting/aura farming.) Yet, I feel all fuzzy about my own stocks that have high YoC. Does it help investing performance? I guess YMMV.
Canadian Dividend Investing@CDInewsletter

Yields on cost for stocks I bought years ago: $IMO.to (bought in 2018) - 10.7% $ALA.to (2018) - 9.7% $GWO.to (2018, 2020) - 9.2% $MFC.to (2018, 2020) - 8.6% $CPX.to (2018-23) - 7.9% Those should get better over time, too. Used to think YoC was dumb. Now I see it in action.

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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
@CDInewsletter Imo, yield on cost is an example of endowment bias. Hearing about others' YoC is annoying as hell. Yet, I feel all fuzzy about my own stocks that have high YoC. Does it help investing performance? I guess YMMV.
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Canadian Dividend Investing
Canadian Dividend Investing@CDInewsletter·
Yields on cost for stocks I bought years ago: $IMO.to (bought in 2018) - 10.7% $ALA.to (2018) - 9.7% $GWO.to (2018, 2020) - 9.2% $MFC.to (2018, 2020) - 8.6% $CPX.to (2018-23) - 7.9% Those should get better over time, too. Used to think YoC was dumb. Now I see it in action.
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
@evantindell As an IP lawyer, I can say that Crocs is a poster child for well-planned IP protection. They are certainly not mincing words in their IP statement: "robust", "DO NOT COPY", "we aggressively prosecute". Look on Linkedin, their IP team is huge. crocs.com/company/intell…
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Evan Tindell
Evan Tindell@evantindell·
The weirdest moat in the world: $CROX product looks so dumb that you would never buy a knockoff. You already look kind of stupid -- you can't also look cheap.
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TSX Dividends
TSX Dividends@TSXDivStock·
True North is a small cap office REIT that trades at an extremely low valuation (4.1x FFO, 41% disc to NAV), but is struggling with vacancies and high debt. CIBC reduces their target: $TNT.UN
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
$mi.un Minto Apartments REIT going private at $18/unit. Deal closing h2 2026. Now trading back in the $17.40s. Holding to deal close gets you the 60 cent spread + 20-30 cents of distributions. Works out to a 9-10% annualized yield. If you like collecting nickels and dimes.
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
@tsxman By my own calculations, if valuing their non Toronto spaces at $50/sqft, and their TO spaces at the below $/sqft, $d.un is worth: TO $450/sqft => $D.un=$15.50/unit $500/sqft => $23.22/unit $550/sqft => $30.98/unit $600/sqft => $38.74/unit
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Chris in Canada 🍁
Chris in Canada 🍁@tsxman·
$D.UN $DRM.TO announced the sale of a modest Toronto downtown office last night for $541 psf / $38.5 million - a relatively high price. One of their lower quality non core buildings with low occupancy and redevelopment potential. Overall portfolio implied trades below $300 psf.
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Chris in Canada 🍁@tsxman

@KonekoResearch TD update for $D.UN. Current pf implied valued at around $290 psf. $MRC.TO just sold a large 70s era Ottawa office for $450 psf. 85% of Dream's property $ is in d/t Toronto (the best market). The next couple years have almost no new supply & plenty of return to office mandates.

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IRResistible CAGRs🍁
IRResistible CAGRs🍁@deepvalueco·
The remaining oil exposure I have is cheap land/RE in Alberta Out of producers, may buy more eventually, may not.
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Mr Neutral Man aka "Howard Marks of REITs”
Mr Neutral Man aka "Howard Marks of REITs”@Mr_Neutral_Man·
We are cooked How the heck does Claude know something like this? What is even our purpose but to be intelligent and top of the food chain?
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ValueNotDeadYet
ValueNotDeadYet@ValueNotDeadYet·
@NonObviously Haven’t followed MTY in a while but clearly the growth story is over, 7.5x seems too cheap, what figures are you using?
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
$mty.to undergoing strategic review while trading at 7.5x EPS/FCF on flat sales and decreasing capex. $FFH.to could buy it at 40% premium at 10.5x + synergy with Recipe + kick up the leverage to get to 15% ROE. As a holder of both cos, I would be OK with that.
Darren Jones@DarrenJMoots

@absolut_brian @NewcomerInvest Ok, that is a very good point! I did not realize $FFH.TO was in the business as the possibly acquirer (not my core area). I bought a little $MTY.TO yesterday and will now continue!

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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
At least one female was intrigued by the singing.
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Weekday Ski Pass
Weekday Ski Pass@NonObviously·
From my office window, saw this guy in a flaming red coat belting out a mating song all morning. Captured with Lumix g100 on Lumix 100-300mm. #northerncardinal #birding
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