thanks ig. Just saw that and I exited my entire position with a small profit.
What did you Buy? What might you buy? (2017)
Re: What did you Buy? What might you buy? (2017)
-
- Newcomer
- Posts: 1
- Joined: 05 Jul 2017 16:50
Re: What did you Buy? What might you buy? (2017)
BUY: MBAIF.
With the current stock price at only $.54, MBAIF is trading at 66% of its 2017 NAV of $.82. Value investing generally accepts that investors will benefit greatly if they invest in companies where the stock prices are no more than 67% of their NAV per share. A study done by the State University of New York to price the effectiveness of this strategy showed that from the period of 1970 to 1983 an investor could have earned an average return of 29.4% by purchasing stocks that were trading at no more than 67% of the NAV and holding them for one year - CIBT is at 66% right now.
It's not as small cap as you think as it has at least $202M in assets at the moment event tho it's stock price is $.54.
This company is a bellwether for value investors with a lot of upside, and low downside.
Here's my analysis.
https://www.dropbox.com/s/15rcfdyc0i8ug ... 9.pdf?dl=0
Here's a third party analysis.
http://www.cibt.net/wp-content/uploads/ ... ressed.pdf
Any comments or thoughts that the forum might have on these analyses would be greatly appreciated. Thanks
With the current stock price at only $.54, MBAIF is trading at 66% of its 2017 NAV of $.82. Value investing generally accepts that investors will benefit greatly if they invest in companies where the stock prices are no more than 67% of their NAV per share. A study done by the State University of New York to price the effectiveness of this strategy showed that from the period of 1970 to 1983 an investor could have earned an average return of 29.4% by purchasing stocks that were trading at no more than 67% of the NAV and holding them for one year - CIBT is at 66% right now.
It's not as small cap as you think as it has at least $202M in assets at the moment event tho it's stock price is $.54.
This company is a bellwether for value investors with a lot of upside, and low downside.
Here's my analysis.
https://www.dropbox.com/s/15rcfdyc0i8ug ... 9.pdf?dl=0
Here's a third party analysis.
http://www.cibt.net/wp-content/uploads/ ... ressed.pdf
Any comments or thoughts that the forum might have on these analyses would be greatly appreciated. Thanks
Re: What did you Buy? What might you buy? (2017)
Bought Yesterday some EMA Emera after a dip and death event at one of their facilities along with AEM Agnico Eagle with dipped while NYSE was closed.
As for my previous acquisitions whose are down 30%+ (BDI Black Diamond), good thing they come along with nice dividends so the failed base hits become long hauled home runs .
As for my previous acquisitions whose are down 30%+ (BDI Black Diamond), good thing they come along with nice dividends so the failed base hits become long hauled home runs .
you get what you inspect, not what you expect
Re: What did you Buy? What might you buy? (2017)
Best to use the financial statements and not investor presentations in the future.Thegipper wrote: ↑18 Feb 2017 00:13I can only quote from their own wen page. " produces a wide range of optical sensors and instruments to measure temperature, pressure, position and flow" " our measurement technologies delivery accuracy and reliability in ....pipelines ,the oil sands and countless other applications" Using their own webpage I drew the conclusion that this was one of their applications. If I am wrong it is certainly an innocent mistake.jsbarnby wrote:Great company but it doesn't really do sensors for pipelines and underground systems. 99% of profits are from the sale of equipment for the manufacturing of semiconductors.Thegipper wrote: Yes that is the stock. Do you know something more about this company?
Re: What did you Buy? What might you buy? (2017)
Find it interesting that ValueVancouver has been talking up almost word-for-word the same stock over at another investing forum (CoFB).
Re: What did you Buy? What might you buy? (2017)
So Enercare converted on June 27 and is valued at $31,292 today.
New Flyer just converted July 5 and is valued at $216,200. My two best debentures in 5 years!
(Premium Brands converted early last year.)
For the fun of it...Keith
-
- Veteran Contributor
- Posts: 3103
- Joined: 13 Sep 2007 22:52
Re: What did you Buy? What might you buy? (2017)
Good jobSo Enercare converted on June 27 and is valued at $31,292 today.
New Flyer just converted July 5 and is valued at $216,200. My two best debentures in 5 years!
(Premium Brands converted early last year.)
But I winced to see NFI and PBH: two of my best ever picks that I sold waaaaaaayyy too soon Still own ECI; that's been a good one.
Re: What did you Buy? What might you buy? (2017)
The really fortunate break is that NFI is in my RRIF so all those returns: 6.25% pa for 5 years and then $10000 returning $261200 is tax free and will be paying out $12500 this year.
For the fun of it...Keith
Re: What did you Buy? What might you buy? (2017)
How do you get money out of a RRIF tax free?
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
Re: What did you Buy? What might you buy? (2017)
I should have put a comma after tax free to indicate it is the gain (from 10k to 261k) and not the payout that is tax free. I don't mind paying the tax on the 12500!
For the fun of it...Keith
Re: What did you Buy? What might you buy? (2017)
Are you really better off?
I assume the majority of the gain is a capital gain of which only 50% is taxed. Of course taking the gain all in one year could cause a claw back but that doesn't sound like a concern for you.
"And the days that I keep my gratitude higher than my expectations, well, I have really good days" RW Hubbard
Re: What did you Buy? What might you buy? (2017)
A key point is the 26 multiplier off that $10k investment makes tax due on that investment not all that relevant whatever that tax rate is... and it just so happens the amount he has to withdraw annually from the RRIF exceeds his total original investment.
Last edited by AltaRed on 10 Jul 2017 16:27, edited 1 time in total.
finiki, the Canadian financial wiki The go-to place to bolster your financial freedom
Re: What did you Buy? What might you buy? (2017)
Well the capital gain would have cost $120k in additional income this year resulting in a huge clawback. Instead I will get $13k of taxable income forever so 10 years would seem to be the breakeven point not counting DCF? But it will continue just like an annuity. All this from one lucky choice with $10k!
I am well into clawback territory so it will be a bunch of nibbles instead of a large whack. Plus I am ahead from a DCF perspective on the taxes.
For the fun of it...Keith
Re: What did you Buy? What might you buy? (2017)
Bought Horizons US dollar currency ETF (DLR) at 12.62 which I will journal to my US account with Norbert's Gambit. Just felt that our loony has come too far too fast, and that Poloz's rate hike should have been anticipated. Today's bounce may have been exacerbated by dovish comments from Janet Yellen and the higher oil price.
May buy more if the madness continues.
May buy more if the madness continues.
Re: What did you Buy? What might you buy? (2017)
I bought more of DR. This has plummeted over the last 6 months. Their CEO departed recently and company has stayed very quiet about it. It's normally a concern but this guy has been at the helm for a year. Who cares? I think it's worth gambling a bit on the uncertainty. 8%+ yield.
They made a bunch of accretive acquisitions in the last year. Their revenue has soared but operating profits has stayed sluggish. Will see what happens as they smooth out the operations.
They made a bunch of accretive acquisitions in the last year. Their revenue has soared but operating profits has stayed sluggish. Will see what happens as they smooth out the operations.
Re: What did you Buy? What might you buy? (2017)
More ZCM
This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed
Re: What did you Buy? What might you buy? (2017)
A little more SRU.UN in the TFSA to mop up some dividends.
Re: What did you Buy? What might you buy? (2017)
I quoted the Enercare investment, not the NFI now corrected.
For the fun of it...Keith
Re: What did you Buy? What might you buy? (2017)
Looking at Algonquin, Extendicare, Enercare and CIBC for the use of a maturing GIC. Don't own any of these companies and with CPP, etc. looming on the horizon, feel we can take on more dividend equities. Looking for dividends, not huge growth.
2 yen
2 yen
Re: What did you Buy? What might you buy? (2017)
Added more ALA.r @ $29
Now have a full position in what I'm hoping is a longterm investment.
Now have a full position in what I'm hoping is a longterm investment.
Re: What did you Buy? What might you buy? (2017)
Looking to buy real return bonds (TSE:ZRR) in my RRSP if real rates reach 1%. ZRR would have to trade around $16/share, which is 5-6% lower from here.
Also looking to buy some small/mid cap dividend players that are trading close to their 52-week lows, namely:
- High Liner Foods Inc(TSE:HLF)
- A and W Revenue Royalties Income Fund(TSE:AW.UN)
- Ritchie Bros. Auctioneers Inc(TSE:RBA)
- Medical Facilities Corp(TSE:DR)
These would be non-core holdings and if I bought any I would be happy to exit for +10%. I usually calculate the probability of obtaining such a return and would only buy if the odds are high enough (>80%). As an example, RBA traded at 52 wk lows 2.15% of the time since 2004 with the following stats:
Holding period: 2 weeks:
Mean return: 4.20%
Median return 3.41%
Min return : -3.14%
Max return: 15.59%
Avg +ve: 78.57%
Holding period: 16 weeks:
Mean return: 17.45%
Median return: 11.58%
Min return: 1.18%
Max return: 45.97%
Avg +ve: 100.00%
DR also has good odds but its history only goes back to 2011.
Also looking to buy some small/mid cap dividend players that are trading close to their 52-week lows, namely:
- High Liner Foods Inc(TSE:HLF)
- A and W Revenue Royalties Income Fund(TSE:AW.UN)
- Ritchie Bros. Auctioneers Inc(TSE:RBA)
- Medical Facilities Corp(TSE:DR)
These would be non-core holdings and if I bought any I would be happy to exit for +10%. I usually calculate the probability of obtaining such a return and would only buy if the odds are high enough (>80%). As an example, RBA traded at 52 wk lows 2.15% of the time since 2004 with the following stats:
Holding period: 2 weeks:
Mean return: 4.20%
Median return 3.41%
Min return : -3.14%
Max return: 15.59%
Avg +ve: 78.57%
Holding period: 16 weeks:
Mean return: 17.45%
Median return: 11.58%
Min return: 1.18%
Max return: 45.97%
Avg +ve: 100.00%
DR also has good odds but its history only goes back to 2011.
Re: What did you Buy? What might you buy? (2017)
I made two ZRR purchases today (in different accounts) to bring our real return bond allocation closer to target. I noticed each time that the bid-ask spread was only two cents, whereas I seem to recall it used to be much higher. I am posting this so that people shopping around for the best RRB ETF know that they can probably just pick the lowest MER one at this stage, bid-ask spread is apparently no longer a factor.
finiki, the Canadian financial wiki: a knowledge base of financial subjects written from a Canadian perspective
Re: What did you Buy? What might you buy? (2017)
Picked up some Killam Properties (KMP) today to rebalance the REIT portfolio. Yielding just over 5%. They own apartments and mobile homes mainly in Maritimes. Other holdings in REIT portfolio are EXE, REI, HR, HOT, AP, and NVU. REI and HR have also been struggling of late, thinking about picking up some more soon.
Re: What did you Buy? What might you buy? (2017)
I haven't bought anything in MONTHS!.....anyone else feel the market is just going sideways?
Triage Investing Blog - A Source for Value & Dividend Investing and Business Fundamentals
Re: What did you Buy? What might you buy? (2017)
Yes! Waiting for the Trump bump to hit a bit of a summer thump, and the Canadian market sucks because of our high(er) dollar. The only thing I've been buying on dips is DLR (US currency). I continue to be surprised by the recent strength of our economy, especially with our increasing leftist attitudes and policies. Nor do I understand why Poloz's little rate hike has should have had such an impact. We are after all joined at the hip with the US, and the Fed has been hinting on higher rates for for more than a year.