Philbert77

So what's the consensus? I've unloaded the commons at pretty much buyout offer but I continue to hold the A,B,Cs. My sense is that $22 is a fair offer. I don't want to see a bunch of people voting down the offer and torpedoing the whole deal. Or leaving the preferred shares outstanding...

I’m still a holder. I plan to hold until we get bought out. It’s really just a matter of time.

So these debentures have languished. Any holders out there?

Looks like you were on to something, SJ. https://investors.atlanticpower.com/2020-09-02-Atlantic-Power-Corporation-Provides-Update-on-Cadillac-and-Oxnard-Plants

I used to have high hopes for my shares in westaim but it’s just year after year with no real results to show for it.

"Terra Firma has taken all the necessary steps to safeguard its employees and its capital in order to weather the storm. While this has meant no new originations during the quarter, the Company’s Adjusted Net Income remained healthy,” said Glenn Watchorn, CEO of Terra Firma Capital Corporation. “It seems somewhat counterintuitive, but the housing market in the U.S. has been very strong during the crisis with many of our borrowers reporting record sales over the months of May, June and July. We believe that this is largely due to record-low mortgage rates, low supply, pent-up demand and the overall health of the housing market prior to the crisis. Consequently, Terra Firma is now actively pursuing new originations. We are also currently working on several transactions that had previously been postponed, which are expected to close by the end of Q3." https://www.tfcc.ca/wp-content/uploads/2020/08/Aug-12-2020-Press-Release-Terra-Firma-Capital-Corporation-Reports-Second-Quarter-2020-Financial-Results.pdf

Yeah - would be interesting if they acquired something - might actually move the dial.

So what's this about? https://www.sec.gov/Archives/edgar/data/1419242/000110465920093988/tm2027239-1_s3.htm

Revenue is still declining but they have aggressively paid off debt, have crazy cash flow and have reinstated the dividend. If COVID hadn’t hit I suspect they would have been much closer to stopping the decline or even had some revenue growth.

For those who care the annual meeting video is interesting: https://www.youtube.com/watch?v=flmR-LNtwbs&feature=youtu.be

From the most recent earnings call: "And the last comment I'll make before we turn it over to questions is given the Brookfield loan and the cash flow generation, I think we are sitting here with a very strong balance sheet with cash of over $50 million consolidated, which I think is a great asset in this time. So even though Panama might take a little bit longer for instance to get started, I think given this environment, I think in the medium to long term, having the cash but also a relatively underlevered balance sheet should enable us to take advantage of even more opportunities in the market. And I think in the medium term, that will be a big benefit to shareholders. Because at current sort of debt and cash levels, we're at net debt of between 2 to 2.2 to 2.5x, depending on how you treat the convertible. But even if you treat that as debt at 2.46x -- and that's a trailing EBITDA number, not a go-forward EBITDA number, that is very conservatively financed. So I think we will be able to continue to grow through this and take advantage of a lot of the opportunities that we are still seeing in the market." https://app.tikr.com/stock/transcript?cid=105606124&ts=2063404&e=682373156

Well... i guess not. Most recent earnings press release:  Encouraging revenue outlook. “The trends in our bookings, although suggesting a very modest additional hit to our revenue curve for another couple of quarters, are nearing pre-COVID levels. And our analysis suggests that the bulk of our COVID-related revenue declines are due to lower spending levels by individual customers, which we believe can be regained, rather than business closures or increased losses of accounts.”  Net Debt extinguished. “As of today, our cash on hand, approximately $110 million, exceeds our debt, so our net debt excluding lease obligations is better than zero. And we recommit to fully paying off our Exchangeable Debentures, at par, on or around May 31, 2021.”  Major new revenue initiatives. “Over the next 120 days, we are phasing three exciting new products into our offering. Also, by year-end, we expect to have doubled our telesales capacity, to significantly ramp up our acquisition of new accounts. These moves, long in the making and testing, are carefully designed to further bend our revenue curve toward stability.”  Quarterly dividend declared. “Our Board has declared a dividend of $0.11 per common share, to be paid on September 15, 2020 to shareholders of record as of August 28, 2020.”  Doubling of contribution to pension plan. “As we announced we would, we have begun doubling the currently required contributions to our Defined Benefit Pension Plan, for the benefit of our retirees.”  Launching purchases of stock. “Today we are also announcing an NCIB to repurchase shares of our common stock.” https://corporate.yp.ca/media/filer_public/9e/ab/9eabf51a-f48e-4f4e-b389-9b6b61084b7c/press_release.pdf

"We accelerated the rate of share repurchases as we viewed the share price opportunity to be compelling. Year to date through July, we have repurchased a total of 20.0 million shares at an average price of $2.04 per share, reducing shares outstanding by 18% from the year-end 2019 level" https://investors.atlanticpower.com/2020-08-06-Atlantic-Power-Corporation-Releases-Second-Quarter-2020-Result

What is your blog url?

Just bought some today. Great business, great efficiency rating and just released great results.