Hielko

Interactive Brokers still allows people to buy, just not on margin. But pretty questionable move from brokers to stop allowing people to buy shares. Especially for Robinhood, must be the worst thing they can do for their business. Wondering what happened behind the scenes.

But BorgWarner is up ~5% or so since October, so I do think you could make a similar adjustment upwards to the implied enterprise value.

Not sure if you can use the current BorgWarner multiple to update this valuation. The current BorgWarner EV/EBITDA multiple is relative high because earnings were low this year, just like Garrett's earnings. But the model takes 2017-2019 avg. EBITDA as input, so it is already ignoring the bad 2020 results. If you want to use todays multiple you also have to use the way lower TTM EBITDA for Garrett.

I usually use Skype for this kind of thing, costs you a few cents/minute (and is free if you call to toll free numbers).

Part of it is a PPP loan, so its better than it looks.

I have never reclaimed taxes in France, but I believe that one is doable. See here for the form that needs to be completed: https://www.impots.gouv.fr/portail/files/formulaires/5001-sd/2018/5001-sd_2281.pdf My Dutch broker now even offers support to apply for lower withholding taxes in advance for French companies, similar to what is possible with the W8-BEN in the US. But think they are the exception, and most brokers don't offer this. To reclaim taxes I believe you still need cooperation from your broker since they need to sign to form or provide an official dividend statement or something along those lines. Then you probably need to get the form signed by your local tax authority as well (to confirm that you are for tax purposes a resident of your country) and then you can send it to France and wait... (I have done successful tax reclaims in Sweden and Belgium, no experience with other countries).

If want to know more, send me a DM, think I still have some documents somewhere lying around about it.

My fund admin told me that we got a nice surprise with a $10,000 for 400 shares of Schuff tender back in 2014. This amounts to about $25.75 per share. I love to just keep the money and I haven't looked at this company for 6 years now. Does anyone know any detail on this? Is it money I gotta give back or was there a court order to award $25.75 to shareholders who tendered back then? Yes, company settled in a class action suit. You can keep happily keep the money.

MNK filing for Chapter 11 restructuring: https://advancingmnk.com/ Not sure what the impact is on the CVRs, guess they classify as general unsecured claims?

Or what about Apple. Think there are really a lot of examples

I'm pretty sure the SEC doesn't have any powers to do more. Perhaps fines... which of course are paid by shareholders as well...

Sounds pretty sketchy.

The latest information you can find is te 2015 Q3, that has a table with a summary of all their property loans.

Assuming that's correct, holding a stock portfolio inside a corporate entity is a bit of a bone-headed decision in Denmark right, even as a majority shareholder? If you hold the stocks directly you pay 42% capital gains, but only when you realize them. If you hold them indirectly you pay 24.5% corporate taxes on your gains (and on unrealized gains!) and then when you pay out the gains as a dividend you pay another 42% dividend tax. In way that should be good news, because that would imply that there is a big incentive for management to change this. At the same time, you have to question a management team that sets up something like this in the first place...

I would guess that you probably already know more about accounting than you need for investing.