Weekday Ski Pass

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

[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.

[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

[Weekday Ski Pass @NonObviously]

@BenSteiner00 Beat Qatar by 3+ goals and #CanMNT will feel a lot better by virtue of a strong goal differential. Channel the 6-0 vs Honduras at BC Place vibes.

[Weekday Ski Pass @NonObviously]

@RSGTX91 @accordin2trevor @FIFAWorldCup Canada has more oil than Qatar.

[Weekday Ski Pass @NonObviously]

I will carve out some time btwn watching World Cup games to re-listen to the $HR.UN Q1 call, from perspective that CEO Tom was already discussing w/ Blackstone.

I suspect it might show that HR Reit already in discussions with Blackstone. "Balls in the air, just wait n see"-vibe.

[Weekday Ski Pass @NonObviously]

That Evergrande Group failure in China has repurcussions far and wide.

[Marco Castelli @macastel3]

Still don't understand why China doesn't get to host the world cup

People love football, they have infrastructure, it's cheap, VISA free, good time zone

Would easily be the most popular edition (in terms of visitors)

Is FIFA boycotting? Why?

[Weekday Ski Pass @NonObviously]

@BassamMelh I've put in order to buy more tomorrow.

Might increase position by another 10%, if the units don't trade up much in price.

[Weekday Ski Pass @NonObviously]

With this Blackstone news/rumour, but $hr.un still trading below $12, I am seriously thinking whether the correct move here is to buy more units.

[First Squawk @FirstSquawk]

BLACKSTONE IN TALKS TO ACQUIRE CANADIAN PROPERTY FIRM H&R.

[Weekday Ski Pass @NonObviously]

@glbaumann Aren't you supposed to be busy fuming that you lost the no 1 GK job for your World cup team and secretly scheming to have Neuer go on another skip trip?

[Weekday Ski Pass @NonObviously]

@tsxman I'm playing this with a small position. $DRR.u last year offered a similar arbitrage spread and went through without a hitch. Tax consequences were manageable.

$mi.un transaction now at 3.5% spread. I have no fear of that one not closing.

[Weekday Ski Pass @NonObviously]

@nachkari See Buzzfeed. $bzfd

[Weekday Ski Pass @NonObviously]

Linamar $lnr.to Skyjack scissor lifts in action.

Management, feel free to use for your next investor presentation.

What's the TAM for this? 😜

[Weekday Ski Pass @NonObviously]

@deepvalueco

[Weekday Ski Pass @NonObviously]

@tsxman @bhar8670 $tpx.b definitely have equal rights to $tap, but maybe only dividends on $tpx.b are eligible dividends for Canadian taxable accounts.

[Weekday Ski Pass @NonObviously]

Since everyone suddenly has a $Lulu take, here's mine:

I spent winter '15-16 in downtown Vancouver. Every weekend was filled with women in Lululemon yoga pants walking the Seawall with a latte in hand. The vibe was total flaunt.

Recapture that vibe!

[Weekday Ski Pass @NonObviously]

@REIT_REBORN For all we know, they already have an email from CMHC indicating consent, just not official, and IIP and GIC have an all day signing session scheduled for outside date minus one.

FWIW, $mi.un not trading so hot either, and that one is a take private, not an outside purchase.

[Weekday Ski Pass @NonObviously]

@TidefallCapital We just saw a comeback from Victoria's Secret. Shows it's possible to turn the tide and make a brand hot again.

How? I have very little clue.

[Weekday Ski Pass @NonObviously]

Look, we've all done things at the last minute ahead of a deadline...

...but writing a Constitution is definitely not one of them.

[Montreal Gazette @mtlgazette]

CAQ government to work ‘double time’ to create Quebec constitution by June 12, justice minister says https://t.co/9BUPwubIkX

[Weekday Ski Pass @NonObviously]

1 year since Interrent REIT $IIP.UN announced sale to GIC & CLV. Deal not yet closed.
Seems like only need CMHC consent to complete. Outside date is July 11, after which deal is dead & $IIP.UN owed the $89M break fee.
Units trading ~5% discount to deal price.
FFO down 7% YoY.🤔

[Weekday Ski Pass @NonObviously]

@xLanceBryantx @DaveShapi @grok

[Weekday Ski Pass @NonObviously]

@Mike_Leach1976 Did you forget the last CPL final was played in a raging blizzard?

Of course, in May, we all cry out for lush green grass fields to play on. But what do they look like on mid November?

[Weekday Ski Pass @NonObviously]

Flashback Dec 2020, when $CAR.UN renewed mortgages at 1.84% interest rate for 10 year terms. Also, it added $1B of new mortgage amount as well (vs $365M expirations).

That was great execution then, but also why I feel uncomfortable with it today (bcos debt needs to be renewed).

[Weekday Ski Pass @NonObviously]

@tsxman I was also hesitant to add much $Car.un. I did not feel comfortable with them still having lots of low interest debt that will renew at higher rates, while rent revenue stay flat or even reverse.

Of course, $250k per door implied is crazy cheap.