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20 minutes ago, HI5 said:

Potential for higher return with AC, rather then going with one the big 5 banks.

I guess this is where I'm confused with going for AC.


If you want high return, there are better options.

If you want safe dividends that don't have a volatile share price, there are better options.

 

Not trying to argue, I'm pretty new to all this, I just don't get why you'd choose AC or any airline, especially at this point.

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7 minutes ago, inane said:

I guess this is where I'm confused with going for AC.


If you want high return, there are better options.

If you want safe dividends that don't have a volatile share price, there are better options.

 

Not trying to argue, I'm pretty new to all this, I just don't get why you'd choose AC or any airline, especially at this point.

If you were to buy now, theirs a high chance you’ll basically triple your investment in 3 years. 
 

More than you’d gain with any of the big banks, including their dividends over that same time. 
 

AC is Canada’s flagship carrier and the feds will bail them out no matter what. They’re probably the most well positioned airline in North America. 

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6 hours ago, inane said:

What's the obsession with AC and other airline stocks when there are so many others that do far better? Gambling on AC seems like such a high risk, low reward approach...

I'm with you on this one. Even if they got a bailout it's highly likely under any restructuring common equity would get zilch. As a tax payer I'd insist on it. It's not like they haven't gone BK before and stuck it to equity holders.

 

I'd rather shave my head with a cheese grater then invest in this.

Edited by nuckin_futz
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11 minutes ago, nuckin_futz said:

I'm with you on this one. Even if they got a bailout it's highly likely under any restructuring common equity would get zilch. As a tax payer I'd insist on it. It's not like they haven't gone BK before and stuck it to equity holders.

 

I'd rather shave my head with a cheese grater then invest in this.

Lol

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3 hours ago, inane said:

Banks do that and are way less volatile. Or Telus, Fortis, things like that. 

I would stay away from banks and insurance companies.

Utilities are doing better but low interest rates are hurting them.

 

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1 hour ago, nuckin_futz said:

I'm with you on this one. Even if they got a bailout it's highly likely under any restructuring common equity would get zilch. As a tax payer I'd insist on it. It's not like they haven't gone BK before and stuck it to equity holders.

 

I'd rather shave my head with a cheese grater then invest in this.

Lol, I’d rather take the 50k hit over a cheese greater to my beautiful head.

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Oooof.  So much room and gloom

 

$6 TRILLION in tax money....think on that

 

https://www.forbes.com/sites/billybambrough/2020/05/03/donald-trump-and-the-fed-could-be-about-to-destroy-the-us-banking-system/

 

Last chance call for the sell off

 

https://www.ccn.com/last-chance-to-sell-hedge-fund-warns-of-impending-stock-market-crash/

 

Australia showing all signs of deep recession

 

https://www.skynews.com.au/details/_6153789340001

 

It could and should be a bloodbath.  But how much more can this bubble be inflated?  Stay tuned

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7 minutes ago, Warhippy said:

Oooof.  So much room and gloom

 

$6 TRILLION in tax money....think on that

 

https://www.forbes.com/sites/billybambrough/2020/05/03/donald-trump-and-the-fed-could-be-about-to-destroy-the-us-banking-system/

 

Last chance call for the sell off

 

https://www.ccn.com/last-chance-to-sell-hedge-fund-warns-of-impending-stock-market-crash/

 

Australia showing all signs of deep recession

 

https://www.skynews.com.au/details/_6153789340001

 

It could and should be a bloodbath.  But how much more can this bubble be inflated?  Stay tuned

Comparing this market to 1929 doesn't make sense. 

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11 hours ago, HI5 said:

If you were to buy now, theirs a high chance you’ll basically triple your investment in 3 years. 
 

More than you’d gain with any of the big banks, including their dividends over that same time. 
 

AC is Canada’s flagship carrier and the feds will bail them out no matter what. They’re probably the most well positioned airline in North America. 

I’ll take Ac all day.   

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12 hours ago, Warhippy said:

Oooof.  So much room and gloom

 

$6 TRILLION in tax money....think on that

 

https://www.forbes.com/sites/billybambrough/2020/05/03/donald-trump-and-the-fed-could-be-about-to-destroy-the-us-banking-system/

 

Last chance call for the sell off

 

https://www.ccn.com/last-chance-to-sell-hedge-fund-warns-of-impending-stock-market-crash/

 

Australia showing all signs of deep recession

 

https://www.skynews.com.au/details/_6153789340001

 

It could and should be a bloodbath.  But how much more can this bubble be inflated?  Stay tuned

Australia is starting to get the same treatment from China that Canada has been getting. The Aussies want a WHO investigation into what China knew and when the knew it concerning C-19. Australia generates 69% of their GDP from exports if I remember correctly. 

 

The core of my holdings are utilities and pipelines which should hold up if a selloff happens. 16% cash to take advantage. I guess the issue is whether another crash goes L and recovery takes years? I don't think so.  

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52 minutes ago, Boudrias said:

Australia is starting to get the same treatment from China that Canada has been getting. The Aussies want a WHO investigation into what China knew and when the knew it concerning C-19. Australia generates 69% of their GDP from exports if I remember correctly. 

 

The core of my holdings are utilities and pipelines which should hold up if a selloff happens. 16% cash to take advantage. I guess the issue is whether another crash goes L and recovery takes years? I don't think so.  

We're sitting at the upper left of a U shaped recovery, the last drop and long drawn out recovery are still to come IMO

 

I really expected a W with a far deeper dip on the second drop but that fed money is keeping it from happening.

 

$6 TRILLION the US has pumped in over the last 2 months or so.  just put and keep that in perspective next time you hear an American whine about socialism or the cost of free healthcare or education.  $6 trillion since March and most Americans still haven't gotten their one single time $1200 payment.  That indicates that the rest of that money has gone in to the business sector.  If that has not not hyper inflated things to a dangerous level I don't understand the system at all anymore.

 

For once in my life the numbers do not make sense.  At all.  

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On 4/25/2020 at 10:08 AM, AriGold2.0 said:

Not TSX related but keep your eye on RTTR next week. They have a bunch of irons in the fire and could pop.

 

I may snag 1000 shares Monday morning just to see where they go. 

 

image.png.849a6d8ab339a4c46063f8fe4e7bcae3.png

Snagged another 4000 at .39 this morning... Smoke show today!

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2 hours ago, CBH1926 said:

Every day it’s the same thing crash is coming sell or buy buy buy before it goes up.

The truth is somewhere in between. 

I woke up today expecting to see so much red but all the energy stocks are up and AC barely dropped lol

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3 minutes ago, NucksPatsFan said:

I woke up today expecting to see so much red but all the energy stocks are up and AC barely dropped lol

I go by time in stock market is more important than timing the market.

Most of the stocks that I have are long term holds.

I missed the boat on few that I should have bought back in March, MCD, AVGO and JNJ.

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2 minutes ago, CBH1926 said:

I go by time in stock market is more important than timing the market.

Most of the stocks that I have are long term holds.

I missed the boat on few that I should have bought back in March, MCD, AVGO and JNJ.

Oh definitely. Trying to time the market perfectly is a fool's errand. 

 

I'm holding cash right now but I still like to check every morning. 

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28 minutes ago, NucksPatsFan said:

Oh definitely. Trying to time the market perfectly is a fool's errand. 

 

I'm holding cash right now but I still like to check every morning. 

There some good values out there but not as much as I would like.

Volatile stocks are cheap, banking, chemicals, insurance, travel and transportation etc.

I have been waiting to get into Clorox stock, it has been overpriced for the last 5 years but it just doesn’t go down.

 

 

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Quote

“Suncor’s Board of Directors remains committed to leveraging our long life, low decline resource base and providing the energy that society needs, while continuing to return value to shareholders,” said Mark Little, president and chief executive officer. “However, after taking significant action in reducing capital and operating costs, the Board believes that reducing the current level of dividends is required to drive down the cash breakeven of the company to a WTI price of US$35 per barrel. As a result, the Board has decided to reduce the quarterly cash dividend by 55% to $0.21 per common share from $0.465 per common share.” This dividend will be payable on June 25, 2020 to shareholders of record at the close of business on June 4, 2020.

Haven’t had a chance to read all of Suncor’s Q1 report, but dividend will be slashed as expected. 
 

 

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