Investing

What did you buy? What might you buy??

  • Last Updated:
  • Jun 18th, 2019 11:26 am
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Deal Addict
Aug 17, 2008
2287 posts
1308 upvotes
gibor365365 wrote:
May 21st, 2018 4:42 pm
Can somebody explain me why MCAP COMMERCIAL LP bond Maturity Dec 14, 2022 has so high yield 5.2% ?
Broadly ...
(1) DBRS rated BBB (low), just above investment grade. One misstep could take it below IG and any money manager with only an IG mandate would have to sell the bonds. So credit risk is high as is liquidity risk on an issue with only 200mm outstanding.
(2) Small borrower relative to its peers. Peers have access to many different funding avenues whereas MCAP would be at risk were it lose its very limited access to wholesale funding.
(3) I haven't read the prospective or Offering memorandum depending on how this was offered for sale, but you should read it and understand the cashflows before investing in it.
(4) In a credit event or a broader deterioration in the credit markets, IMO this would be have a higher beta than it's peers.

=> at a spread of around 300bps, an investor is not getting compensated for the risks IMO.
Deal Addict
Jul 3, 2007
1563 posts
1650 upvotes
Toronto
joepipe wrote:
May 15th, 2018 9:53 pm
Micron just got bought up by the druckenmiller fund.... That's a big vote of confidence.... I think it sees $60+ by the late June earnings report.... I'm in the October $60 call options...

https://www.cnbc.com/2018/05/15/hedge-f ... tocks.html
Micron is flying today ....$60 october calls looking great ...im holding for now
Deal Addict
Jul 3, 2007
1563 posts
1650 upvotes
Toronto
White Comet wrote:
May 22nd, 2018 1:48 pm
Is it a good time to start a new position at Micro (MU) now at $60 or wait a bit?
great time to buy if you're going long for a while, dont worry about the daily ups and downs..., stifel just upgraded to $106 , thats a $30 raise on their last upgrade from not long ago.....



Deal Addict
Nov 6, 2015
1643 posts
1197 upvotes
Oakville
Bought MUX @ 2.18, HMY @ 1.75

Expecting a strong summer for the metals.
Deal Addict
Jul 27, 2017
1870 posts
716 upvotes
GTA
arvind84 wrote:
May 23rd, 2018 8:32 am
Bought MUX @ 2.18, HMY @ 1.75

Expecting a strong summer for the metals.

why HMY?
Deal Addict
Nov 6, 2015
1643 posts
1197 upvotes
Oakville
porticoman wrote:
May 23rd, 2018 8:48 am
why HMY?
I like the stock, and it's been beaten up a lot more than its peers. My bullish thesis invalidates under the Feb lows, so R/R looks good to me.
Deal Addict
Aug 17, 2008
2287 posts
1308 upvotes
Back into AAV at $3.96 again. NG holding in as the forecast is for a warmer than normal summer in parts of the US.

update1: $3.86 bid for more
update2: Filled at MOC
Images
  • Summer temp forecast.JPG
Last edited by MrMom on May 23rd, 2018 9:47 am, edited 2 times in total.
Deal Addict
Nov 9, 2013
2883 posts
1796 upvotes
Edmonton, AB
Sold out of LOW. Thinking about rolling this into BRK.B
Deal Addict
User avatar
Apr 23, 2006
2621 posts
482 upvotes
Toronto
Bought EXEL. Seems like a good pharma with a promising cancer treatment pipeline.
Deal Addict
Jan 22, 2006
4343 posts
2097 upvotes
Northside
Thoughts on Zenith Energy? (ZEE)
#WeTheNorth
Deal Addict
Feb 27, 2015
3118 posts
992 upvotes
Toronto, ON
Thought on NMX (Nemaska Lithium Inc.)
At .99 with the bought deal announcement.
Deal Addict
Jan 22, 2006
4343 posts
2097 upvotes
Northside
JRGUINNESS wrote:
May 23rd, 2018 1:26 pm
Thought on NMX (Nemaska Lithium Inc.)
At .99 with the bought deal announcement.
I'm invested in something similar..check out Pure Energy Minerals (PE).
#WeTheNorth

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