Archives

Please click on a button below to jump straight to that category.
April 11, 2018

Time To Grab My Pitchfork (AIM Edition)


I have written about Aimia (AIM- Canada) a few times now (article 1, article 2, article 3). For a summary, AIM operates loyalty programs which are highly cash generative. The shares have collapsed following Air Canada notifying AIM that they will not continue their partnership when it ends in 2020. I figure AIM is worth somewhere north of $6 per share if you assume ... Read More
Categories: Investments
Positions Mentioned: AIM CN
March 29, 2018

Tesla Learns About Reflexivity


Before George Soros focused his energies on undermining Western Society, he wrote a book detailing his theory of reflexivity. Reflexivity is the theory that the market’s own expectations about an event can help impact the actual future outcome of the event in a feedback loop of sorts. Take a mining company that needs to raise money to build a mine. Since the cost of ... Read More
Categories: Investments
Positions Mentioned: TSLA
February 26, 2018

Viemed


Over the years, there have been multiple studies that show dramatic operational performance improvements at companies in the first few years after a spin-off. There are many theories for trend, but it likely comes down to a combination of; management being directly able to direct capital allocation, more focused and more rapid operational decision making, directly tying equity compensation to the actions of management ... Read More
Categories: Investments
Positions Mentioned: VMD CN
February 5, 2018

You All Asked For It (AIM Update)


New year—new website—same rules here. Look; I’m not a registered financial advisor and I am certainly not YOUR financial advisor. However, I feel confident in saying that if you do not know why you own a stock and cannot analyze news releases, you probably shouldn’t own that stock. Since Thursday morning, I have received over 100 emails from people regarding Aimia Inc (AIM – ... Read More
Categories: Investments
Positions Mentioned: AIM CN
January 8, 2018

Tidewater


US Bankruptcy can be a very rewarding process for a company. Unprofitable contracts are eliminated and debt is reduced. For a cyclical, capital intensive and commodity industry, bankruptcy can be a godsend. Look at Tidewater (TDW – USA), an operator of Offshore Service Vessels (OSVs) used in oil production. Through bankruptcy, it’s eliminated all of its in-chartered vessels, reducing expenditures on leases at a ... Read More
Categories: Investments
Positions Mentioned: TDW
January 1, 2018

Too Much of a Klusterfuk


Every once in a while a stock simply goes into the “too hard pile,” which creates opportunities. Honestly, I don’t blame investors for sometimes giving up on the analytical side. I mean, Teekay Offshore Partners (TOO – USA) really is a klusterfuk for the ages. It was meant as a drop-down Ponzi vehicle (I wrote about those 2 years ago as the whole MLP ... Read More
Categories: Investments
Positions Mentioned: TOO
December 20, 2017

Xmass Comes Early From OCC


Two months back, I clearly made my case for why Tesla (TSLA – USA) will eventually implode. Of course, the timing of that implosion is difficult to guess at—hence my use of a bear put spread. Now, thanks to OCC, I can go out much further in time. While, I suspect that TSLA’s share price is much lower by January 2019, by January 2020, ... Read More
Categories: Investments
Positions Mentioned: JYNT, AIM CN, TSLA
November 10, 2017

Most Canadian PM’s Have Crappy AIM


I previously wrote about Aimia here and here. Sorry in advance for all the numbers but it’s necessary… So, earnings came out Wednesday night and I quickly read through for a few key segments of interest to me (redemptions, card spend, cash build, PLM) and within a few minutes, I was celebrating with a bottle of tequila.   For a quick backstory, AIM has been in the ... Read More
Categories: Investments
Positions Mentioned: AIM CN
October 31, 2017

When Will The Tesla Stock Promote Finally Fail???


The history of industry leading consumer tech products has not been kind to investors who overstay their welcome. You need look no further than all the hundreds of notable recent failures, to realize that these companies almost always flame out. The list below (in no particular order) is a nice trip down memory lane of former favorites, that are now either bankrupt or shells ... Read More
Categories: Investments
Positions Mentioned: none
Scroll Up