I haven't thought about this company in years. Had to google for a few minutes to even remember the name.
It turns out the shady management team who misled investors was also shady and misleading to their clients. Who woulda thunk?
http://www.cbc.ca/news/canada/saskatchewan/judge-ruling-input-capital-saskatchewan-farmer-1.4669680
http://www.cbc.ca/news/canada/saskatchewan/sask-farmers-accuse-regina-canola-trader-of-predatory-lending-in-class-action-lawsuit-1.4644105
https://www.producer.com/2018/05/judge-calls-input-capital-contracts-unconscionable/
https://www.canlii.org/en/sk/skpc/doc/2018/2018skpc31/2018skpc31.pdf
Hopefully everyone is fully divested from these parasites.
Honestly, I thought it was intentionally cheesy or sarcastic.
The graph bars are going up significantly each year. But a 4 year sample is a pretty short time frame for value investors and we are typically more accepting of volatility.
The plane is flying around the world. But, that seems to be the antithesis of the frugal, under the radar, sound judgement style of most value investors. Unless that is a dig at Buffett's 'The Indefensible'.
What about a cartoon of Buffett and Prem picking up cigar butts off the street?
By laddered do you mean just buying a bit of all the ones posted, or is that a different product?
Ya, I looked at the posted GIC rates at a couple of bank sites, they are pretty awful from what I found. I think your right re: CDIC not being a major concern.
Less than $2 mill LTD at 2.7%. The plan is to segregate the funds as any repayable amount will have to be repaid with actual interest earned.
Followup, if we decide to go with AAA Canada bonds like the below, how many different bonds should the $10 million be spread over?
http://i.imgur.com/nViOv0Q.png
Hi all,
The organization I work with recently received ~$10 million. A portion of the funds may have to be returned depending on the outcome of a court case. The timeline of the resolution of the case is not known, but could be anywhere from months to 2+ years.
I'm looking for advice on our investment options or any other issues I should take into account. I'm assuming based on the amount, CDIC limits mean our best option would be AAA Government Bonds?
TIA,
OTSOG
Buffett's kids have always seemed like well rounded people. Very philanthropic minded, published author, Emmy Award winner. Real winners.
Trump's kids all work at the family business. Sad. Very low energy.
Is this a joke about Baron's cyber skills?
I saw Don Jr in an interview saying if Sr won they would use a blind trust that Jr, Eric and Ivanka would run. The interviewer said that's not a blind trust, obviously. Jr insisted it would be because they wouldn't talk to their Dad about it ??? These kids don't seem too bright.
Found it:
Bolded for emphasis.
Curious about that too
shares
price
cash
Aug 11, 2016
600,000
0.50
300,000
Nov 3, 2015
158,000
2.00
316,000
Dec 16, 2014
3,010,000
0.50
1,505,000
Total
3,768,000
2,121,000
A commutation of sentence reduces a sentence, either totally or partially, that is then being served, but it does not change the fact of conviction, imply innocence, or remove civil disabilities that apply to the convicted person as a result of the criminal conviction.
A pardon is an expression of the President’s forgiveness and ordinarily is granted in recognition of the applicant’s acceptance of responsibility for the crime and established good conduct for a significant period of time after conviction or completion of sentence. It does not signify innocence. It does, however, remove civil disabilities – e.g., restrictions on the right to vote, hold state or local office, or sit on a jury – imposed because of the conviction for which pardon is sought, and should lessen the stigma arising from the conviction.
https://www.justice.gov/pardon/frequently-asked-questions-concerning-executive-clemency
This is exactly what management is going for:
http://i.imgur.com/jycIuT5.jpg?1
http://www.stockhouse.com/companies/bullboard/v.inp/input-capital-corp?postid=24923452
http://www.stockhouse.com/news/press-releases/2016/05/31/input-capital-corp-announces-fiscal-2016-year-end-results
Capital Deployed2 down 28%
Canola Reserves (MT)2 down 8%
Cash operating margin1 up 187%
Adjusted Operating Cash Flow1 up 209%
Adjusted EBITDA1 up 371%
1 Non-IFRS financial measures with no standardized meaning under IFRS. For further information and a detailed reconciliation, refer to "Non-IFRS Measures" in the accompanying MD&A.
2 Includes contracts that were signed but not completely funded at the end of the fiscal year.