Boudrias Posted May 17, 2020 Share Posted May 17, 2020 Has anyone heard whether PM JT has written off $3.5 billion loan to GMC? This dates back to the 2008 crisis and the due date was 2018. Hope this isn't true as GM has been paying dividends for some time. Link to comment Share on other sites More sharing options...
Warhippy Posted May 17, 2020 Share Posted May 17, 2020 1 hour ago, Boudrias said: Has anyone heard whether PM JT has written off $3.5 billion loan to GMC? This dates back to the 2008 crisis and the due date was 2018. Hope this isn't true as GM has been paying dividends for some time. Harper and the conservatives sold that in 2014/2015 at a major loss, it helped cook the books to appear balanced leading in to the 2015 election https://www.cbc.ca/news/politics/general-motors-shares-conservative-government-sells-remaining-stake-in-automaker-1.3022822 But according to calculations carried out by the Globe and Mail, this means taxpayers will take a $3.5-billion loss on Ottawa and Ontario’s investment in the automaker, which is a major employer in southern Ontario. Including this week’s share sale, and the Ontario government’s $1.1-billion sale of GM shares in February, the two governments have recouped only $10.2 billion of the $13.7 billion they invested, the Globe calculated. Many market analysts think the government would have been better off holding on to the shares a while longer. According to a report at the Financial Post, 14 of 24 analysts who follow GM say the time is right to buy, while only two are advising investors to sell. “If you look at GM, it’s grossly undervalued relative to other global automakers,” John Stephenson, CEO of Stephenson & Co. Capital Management, told the Post. 1 Link to comment Share on other sites More sharing options...
CBH1926 Posted May 18, 2020 Share Posted May 18, 2020 Making money today! Link to comment Share on other sites More sharing options...
Boudrias Posted May 18, 2020 Share Posted May 18, 2020 1 minute ago, CBH1926 said: Making money today! Markets are closed, no? Link to comment Share on other sites More sharing options...
CBH1926 Posted May 18, 2020 Share Posted May 18, 2020 5 minutes ago, Boudrias said: Markets are closed, no? No Link to comment Share on other sites More sharing options...
CBH1926 Posted May 18, 2020 Share Posted May 18, 2020 Selling moderna was a big mistake, 6k mistake to be exact. Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted May 18, 2020 Share Posted May 18, 2020 55 minutes ago, CBH1926 said: Selling moderna was a big mistake, 6k mistake to be exact. up 30% today Link to comment Share on other sites More sharing options...
I.Am.Ironman Posted May 18, 2020 Share Posted May 18, 2020 1 hour ago, Boudrias said: Markets are closed, no? TSX is closed... American is open Link to comment Share on other sites More sharing options...
Warhippy Posted May 18, 2020 Share Posted May 18, 2020 3 hours ago, CBH1926 said: Selling moderna was a big mistake, 6k mistake to be exact. Moderna just announced successful human trials in coronavirus solution. Or seemingly have posted success. Super small sample size. If true, they're about to push past $95 a share soon https://www.businessinsider.com/moderna-coronavirus-vaccine-releases-first-human-trial-results-2020-5?fbclid=IwAR0zWQ7ou_P4WEjOEwGpdJoABXAPGOwWq7O2-0kVtD-FpSsgr2WFPAM8ayU Link to comment Share on other sites More sharing options...
Warhippy Posted May 18, 2020 Share Posted May 18, 2020 Once again, TD WebBroker showing signs of service interruption....that's literally once or twice a day every day over the last few weeks. Kinda shoddy honestly Link to comment Share on other sites More sharing options...
NucksPatsFan Posted May 18, 2020 Share Posted May 18, 2020 48 minutes ago, Warhippy said: Once again, TD WebBroker showing signs of service interruption....that's literally once or twice a day every day over the last few weeks. Kinda shoddy honestly Come to Questrade. I’ll give you my code. We both get free $50 Link to comment Share on other sites More sharing options...
Duodenum Posted May 18, 2020 Share Posted May 18, 2020 El Dorado just went up 20% in one day, sweet. 1 Link to comment Share on other sites More sharing options...
Warhippy Posted May 18, 2020 Share Posted May 18, 2020 7 minutes ago, Duodenum said: El Dorado just went up 20% in one day, sweet. MGM is about to increase as well. Link to comment Share on other sites More sharing options...
CBH1926 Posted May 18, 2020 Share Posted May 18, 2020 2 hours ago, Warhippy said: Moderna just announced successful human trials in coronavirus solution. Or seemingly have posted success. Super small sample size. If true, they're about to push past $95 a share soon https://www.businessinsider.com/moderna-coronavirus-vaccine-releases-first-human-trial-results-2020-5?fbclid=IwAR0zWQ7ou_P4WEjOEwGpdJoABXAPGOwWq7O2-0kVtD-FpSsgr2WFPAM8ayU I missed that train, sold all my shares while back, if I kept them I would be up around $6000. Link to comment Share on other sites More sharing options...
CBH1926 Posted May 18, 2020 Share Posted May 18, 2020 Good thing that Buffet sold all his airline stocks UAL up 23% today, LUV and DAL 13%, Link to comment Share on other sites More sharing options...
Darius Posted May 18, 2020 Share Posted May 18, 2020 2 hours ago, Warhippy said: Once again, TD WebBroker showing signs of service interruption....that's literally once or twice a day every day over the last few weeks. Kinda shoddy honestly I get these all the time lately when accessing with mobile app, but desktop access seems more reliable .. Link to comment Share on other sites More sharing options...
Darius Posted May 18, 2020 Share Posted May 18, 2020 36 minutes ago, CBH1926 said: I missed that train, sold all my shares while back, if I kept them I would be up around $6000. I was lucky enough to jump in when the feds awarded them something like 450 million to ramp up research and production. I figured fed wouldn’t pump that much in if they didn’t have confidence in something. I’m waiting till phase three of their trials to sell... I don’t know if their mRNA solution is easy to mass produce or if they will make it through all the hoops to get fda approval. I’ll take my profit and run! J&J might be a good bet too ... they have mass production capabilities for a vaccine with sites around the world with their various partnerships and assets. But I doubt they will have the casino style upside that moderna had a couple months ago. 1 Link to comment Share on other sites More sharing options...
Darius Posted May 18, 2020 Share Posted May 18, 2020 Any thoughts on Air Canada? I’m waiting for it to hit sub 12.00. I figure if the Libs back them at the federal level no reason it won’t hit 20 again just on speculation.. but will that happen.. Link to comment Share on other sites More sharing options...
Boudrias Posted May 18, 2020 Share Posted May 18, 2020 I bought FVI because I wanted some silver in the port. Working out very nicely at +46% in less than a month. Allocation to gold and silver now over 20% in the port. Will likely add up to a 30% allocation. I have very few buy triggers until stocks retreat to the March lows. Link to comment Share on other sites More sharing options...
CBH1926 Posted May 19, 2020 Share Posted May 19, 2020 2 hours ago, Darius said: I was lucky enough to jump in when the feds awarded them something like 450 million to ramp up research and production. I figured fed wouldn’t pump that much in if they didn’t have confidence in something. I’m waiting till phase three of their trials to sell... I don’t know if their mRNA solution is easy to mass produce or if they will make it through all the hoops to get fda approval. I’ll take my profit and run! J&J might be a good bet too ... they have mass production capabilities for a vaccine with sites around the world with their various partnerships and assets. But I doubt they will have the casino style upside that moderna had a couple months ago. J&J is great stock that is very steady, once talcum powder and opioid litigations settle it will go up even more. Price is little too high right now but definitely worth adding to a long term portfolio. 1 Link to comment Share on other sites More sharing options...
Recommended Posts
Please sign in to comment
You will be able to leave a comment after signing in
Sign In Now