spark411

A) Most of BPY debt is non-recourse to BAM. Therefore, not servicing the debt on a property or two does not impact the financial enterprise materially. B) There are two ways to buy a property. One is to buy the equity. The other is to buy the debt. The debt is often traded separately from the equity. If the debt on the existing asset can be bought and interest and debt can be reduced, the equity - especially when the equity is also the operator - has an incentive to not make the debt payments. Moreover, if the equity thought the debt holders were in "trouble" a smart negotiator would purposely not pay the debt so that the debt holder has an incentive to offload the debt much lower than par. If A and B are true, then the current environment has LOW RISK and HUGE opportunities to lower basis and/or acquire control of assets for Brookfield.

Here is a link to the best details I found: https://trump-russia.com/tag/patrick-byrne/ What a crazy story. Been following this stock for 10 years and been through a lot but this is over the top. From a stock price standpoint, many people thought that Byrne's unpredictable nature is what was holding this stock back. The retail group should sell for at least 1x revenue. But this stock is nowhere near that. This stock is one of the most manipulated stocks in the market so it will be interesting to see how the stock moves from here. I was really bullish on where Byrne was taking this company. As a shareholder, I have very mixed emotions about the latest news.

https://investors.overstock.com/news-releases/news-release-details/overstockcom-releases-letter-shareholders-ceo-patrick-m-byrne RE: Retail business Seems that Byrne has 2 alternatives. 1. Sell the retail business 2. Keep the retail business and use profits to fund Medici. If the offers for #1 is low, then he will go to #2. This seems rational vs. selling the retail business below market. Anyone have thoughts?

Agree - fudging numbers aka being aggressive with accounting is my #1 concern for this investment as well. Not sure how I can come comfortable with that b/c as the number of people and $$$ to share grows, the higher the likelihood of someone reaching over the line.

My position is based on three reasons. A) the insurance business if done right is a compounding machine B) it's a microcap so the runway for growth is significant C) management has experience, expectations, and backing of a firm 100x larger. I have a simple question. I have the hardest time finding the investor relations page for Trisura. It seems that they change it. If anyone has it, please post. Thank you!

Genesis Asset Management reports 11.79% passive stake. Hope earnings are good and the stock reflects true value. Saw that they received insurance proceeds. Will be interested to see what they do with those funds.

@ john h Thanks for the reference to the article. Just read it. Article says under $17, it may make sense to trade BAM for BPY. Since that article, both BAM and BPY dropped 10%+. BPY now trades at $15.05. I think it makes sense short term for the trade out of BAM and into BPY but long term it's best to hold BAM.... Each time a trade is made, one risks making a mistake. When in doubt hold (I'm writing this to convince myself to hold..8-)).

With BPY yielding 8.3%. Does it make sense to sell BAM and trade into BPY?

I read through the presentation when it came out. This is why I'm so perplexed the stock is going down so much. The presentation is positive and the direction is solid. My biggest question mark on this stock is Richard Handler the CEO. I wonder if he is interested in making the stock go up or if he is only interested in paying himself through the company. If he is interested in growing the stock price, they should be aggressively buying back stock. Hope to see it in their next earnings report.

JEF is down quite a bit in the last two days. More than the market. Does anyone have thoughts on the drop?

Sorry-I did not mean CEO. I meant as Chairman. Howard Buffett is non-executive Chairman, Bill Gates Chairman, and Greg Abel of Ajit Jain as CEO.

It seems like Buffett's successor will be Bill Gates. Here are some reasons: 1. Bill Gates is coming on TV together with Buffett when speaking about Berkshire. 2. Bill Gates' foundation owns a big % of Berkshire shares (much of which comes from Buffett). 3. Bill Gates is young. 4. Bill Gates is a combination of Buffett and Munger. Curious what other people think of this.

CEO buys $2M worth of stock. 2 days in a row of insiders buying...

CFO buying 20K shares. Good to see insider buying. http://phoenix.corporate-ir.net/phoenix.zhtml?c=254680&p=IROL-sec

2 websites I found were interesting and relevant to Lilak investment. 2 takeaways. A) American Movil is a competitor to Lilak. Especially in Chile. I will start watching American Movil to see how the overall latin american telecom market is doing. B) Latin America's broadband is growing fast which bodes well for Lilak's long term growth. https://blog.telegeography.com/latin-americas-broadband-sector-continues-its-growth https://seekingalpha.com/article/4188464-america-movil-sa-de-cv-2018-q2-results-earnings-call-slides