Parsad

Hi All, The new COBF website is aiming to launch around September 1st. Originally I had set the date for January 1st, but it has been moved up. Depending on the beta tests of the new site, it should be up by then, but there might be a few delays. I thought I would share with you what the new site will be like: - No politics section and no politics on there...period! - The look and design will be more like Microcap Club, but you do not have to submit ideas to be invited as a member - Members who are currently on here, will be automatically transferred over to the new site as "members", including usernames and passwords, and will have access to a similar type of message board...the registration fee for new "members" will remain a one-time fee of $29.95, but it will be USD. - Members can upgrade to "subscriber" for $19.95 USD per month or $199.50 USD per year...subscriber benefits will include: Subscriber Benefits - Access to stock selection competition with cash prizes - Quarterly newsletter with interviews, articles from a handful of selected writers including stock selection ideas - Access to private chat room to hold live online events for invited subscribers - Live vlog interviews with investment managers, writers and myself - Invites to private COBF events, including our Toronto dinner - Access to the job postings section - Access to the future COBF ETF by select COBF members We are in the programming/design stage now. If there are any other ideas or initiatives you would like to see incorporated, please let me know...for members, subscribers or both. Cheers! Sanjeev

Please leave your politics in the "Politics" section. He's half white and half black. But you've chosen to lower the bar of discussion by pointing out only that he's black. Cheers! Are you insinuating he got a better contract because he was half white? Last I checked you have plenty of people far less than 50% claiming identities...like a certain Massachusetts senator. He got a crazy contract because of his skills. He is what most consider(maybe not Joe Biden) black, and I just think its worth noting that there are definitely certain levels of success available to ALL Americans, which is what the American dream is/was all about. No, I'm saying that race has no part in it and you were making it a discussion about race. Cheers!

Please leave your politics in the "Politics" section. He's half white and half black. But you've chosen to lower the bar of discussion by pointing out only that he's black. Cheers!

What a player, what a contract! https://bleacherreport.com/articles/2872613-report-patrick-mahomes-chiefs-agree-to-10-year-contract-through-2031-season?utm_source=cnn.com&utm_medium=referral&utm_campaign=editorial Cheers!

+1! I think one thing people underestimate as a net positive from the pandemic and zero rates, is that businesses that survive are going to come out far more efficient and competitive. I think that especially applies to the restaurant, retail, airline, travel industries, but most others, including finance, will be better businesses. The other thing we are going to see quite a bit of I think in the 2nd half of this year and next year is M&A activity will surge. With deregulation occurring I think this may be a great time for another financial institution to merge with WFC. This to me seems to be a highly likely scenario. Cheers!

Four in a whole day, sure ok...but six before noon...wow! Yeah, my eyes would be buggin' out! Although all the La Croix might be flushing the caffeine out of your system, so that might work. The other thing is that I really enjoy my coffee more when I have less...so I actually do savor each cup. My face does light up like a Folger's commercial in the morning. I do switch to a cup of iced coffee during the summer months in the morning, but I still stick to the two cups a day thing. Cheers!

1 hour every week if I'm ordering online and getting delivered. If I have to go to the store, then it's 1.5-2 hours every week because I'm hitting the grocery store and the drug store. Every two weeks, I go to the country market as well to pickup fresh produce and a few other things...30-40 minutes every two weeks. Other than that, one big shopping trip usually 2-3 weeks before Christmas. Cheers!

Greg, As you perhaps already know, I'm pretty observant to facts posted here on CoBF, and by all means much-much more observant how those so-called facts are processed and handled. So, to me, you are here just such a low-life cheat fiddling with your numbers that you post here on CoBF, dividing by four, instead of dividing by four-and-something! [ : - D] I hope everything is evolving well over time for your part, and yours! Take care [ : - ) ] [The rest that we're talking about here on CoBF is "just money" [and all that].] In short - now that I actually think about it - there is no capital gain comparable to become a parent again! [ : - ) ] Haha thanks John. Yes, things are well. Just another "period of adjustment" as seems to currently be the norm in the world. I'll do one more day, and then stop posting my daily meals. Just trying to emphasize how it is possible to eat well and cheap. One thing I have found very helpful is that going to the store daily and buying only really what I need for the days meals, greatly cuts back on waste/saves money. Previously, or when I go to Costco, its very easy to fall into a "I'll have some of this, and a bit of that, and oh, throw this in the cart too" mindset. Much of that stuff either goes bad or sits in the pantry collecting dust. Breakfast Eggs Benedict: Eggs 2.49 carton Hollandaise sauce 1.29 packet English muffins 1.50 a sleeve for store brand French toast for kids 2.79 for a box that lasts a week 6 coffees(I drink too much) K cup style 80 ct is $20 Apple juice 2.99 a jug, lasts 2 weeks Lunch Pierogi 3.79 a tray Sautéed Onion 1.99 lb Fish sticks for the kids 2.99 a box (although typically I catch the walleye and wife breads them, so free, unless you want to incorporate all the boating/fishing expenses, which will be an obnoxious add on) Dinner Skate Wings 7.99 lb Asparagus 1.99 a bundle capers 1.79 a jar couscous 1.99 a box pizza bites for the kids 1.99 a bag which lasts 2 meals 6 cups of coffee for breakfast...or do you mean you drink that through the whole day? No headaches, sleeping problems, etc? I have one cup in the morning or afternoon (large mug size), and a decaf cup after dinner (dinner cup size). 6 cups...I'd be wired! Cheers!

This is so true, most grocery store vegetable/fruits have no flavour here in Canada as well. We try to go to smaller farmer's markets or actual farms to get stuff in the summer. Some vendors at bigger markets just buy wholesale and repackage, but you can taste the difference when you buy from the actual farmers. Quite true for some produce. I tried organic purple and white carrots and I don't think I can go back to grocery store orange carrots...same with tomatoes. Also with eggs...they have to be Omega-3 or free range eggs. I've found those three things in particular taste incredibly different than the cheaper versions. Cheers!

Even our local Save-on-Foods, which is a chain similar to Albertson, Kroger, etc has ground bison, venison chops and a few other new offerings. Game meat isn't my thing, but interesting that they now carrying it. Cheers!

Eric did you go vegetarian? I remember you used to raise chickens and would eat fresh chicken. Cheers!

Welcome back! Cheers!

It's priced in. The dividend cut will probably continue until 2nd or 3rd quarter next year, but will then increase most likely. Cheers!

I see low interest rates and energy prices, and constant prices in streaming, tech, cable, etc, but I see inflation in a number of places...food, home prices, auto prices (contrary to what I expected), restaurants (making up lost income and reduced business), strata/HOA fees, strata insurance, P/C insurance in general. Cheers!

This situation is not that dissimilar to BAC back in 2012 after it was coming out of the financial crisis and had a number of issues and setbacks to deal with along the way. Cheers!

Wonderful post! Please at least stay a lurker. All the best, Sanjeev

Can't say for sure, but I would imagine it would be both, otherwise banks could go the preferred route when raising capital...as it becomes more appetizing for dividend shareholders. Cheers!

I think most people were already expecting a dividend cut by WFC. The Fed just put their stamp on it and said that you can't pay out more than your income, and that's prudent. It's extremely difficult, and I can't overstate that, exactly what is going to happen over the next several quarters. The FED essentially said that our banks are strong, but we'll be prudent, examine things quarter by quarter, and then see how much capital can be returned to shareholders. Banks have returned an enormous amount of capital over the last 5 years, and that will continue...just probably not for at least a year. And they aren't alone in that...most companies will have to be prudent on how much capital is returned to shareholders over the next several quarters. Cheers!

Overall, I think the Fed did the right thing. It ensures that Banks aren't returning more capital than income, while taking the onus off of the banks and putting it on the Fed as the responsible party. I just read the whole thing, and I'm pleasantly pleased that banks overall in the U.S. are strong going into this crisis and should come out well at the end of it. Without liquidity, access to capital and a strong banking system, this would have been like 1929. Instead, the government stick-handled its way through the crisis, with plenty of bumps yet to come. I think a "W" recovery with the 2nd half of the "W" being less severe than the first is now the most likely outcome. That being said, the amount of debt piling on to all government balance sheets is scary! Cheers!

Can you please leave your politics in the "Politics" section! Lincoln County is 99% white...the Lincoln County Commissioners who made the decision are picked by the populace...what does that have to do with left or right? Geez! Cheers!

There's pros/cons to both sides: Buyer - You may be dealing with someone with poor credit - Could be heavily leveraged even if they have good credit - Could be someone reestablishing themselves and is trying to improve their credit rating...not a bad think if they are conscientious now about repayment or perhaps struggled when they ran a previous business Seller - High likelihood they will have to repossess the property - May have to go through all of the legal hoops to get back possession...make sure contract is air tight. - Seller should not be leveraged or financial health contingent on sale of property as they may have to take repossession in a down market or high interest rates I'm sure there are plenty of others as well on both sides! Cheers!

It looks like he bought at an average cost of $308 USD roughly or about $420-425 CDN per share. It says he bought in the last few days before the press release...I would imagine it was around the 9th, 10th, 11th and 12th, where the stock was around $425 CDN or less and volumes rose. If he is buying there, then I would imagine he is expecting a return of better than 15% annualized or more over the next few years. Cheers!

Take it. Liberty, that too is provocation. Did you really need that come back? Can people please think twice before posting something that is unnecessary and adds no value except to rile up and stir people! Cheers!

Bill is a friend of mine. But thanks for making it clear who's the real one here. So what if he's your friend? Does that preclude him from being a deuche? Does that make me one for saying so? The reason I had doubts about whether the story was real was his casual attitude about it. His twitter was like I'm loving this guy who promotes risky and irresponsible trades. Ok, Public Service Announcement, kids, the markets are bananas right now. Here's the story about my wife's cousin who killed himself because he lost a lot of money doing risky and irresponsible trades. So be careful out there and stay safe. OK, PSA over. Man, I'm loving this guy that does risky and irresponsible trades. But he's you'r friend. So.... Watch it rb...this is provocation and unnecessary! You've got one warning...now keep it chill. Cheers! So I say nothing about Liberty. I recall some stuff that was posted on the internet and my opinion about it. He doesn't like it because it's about his friend so HE calls ME a deuche. If that's a bannable offence I have committed you don't need the warning. I'll take my ban. Can you guys all just grow up a bit?! If I give you a warning, you shouldn't fire back with some explanation...just take it and say, "My bad!" How old are all of you guys...I'm guessing most are my age or somewhere within +/- 10 years. If you wouldn't say it to someone while having dinner at their home, then don't...that's a good way to view where the line is. And again, this isn't just for you, but for everyone! Cheers!

If you didn't know when you bought, you might want to figure it out. Cheers!