OTCPK:ICPVF - Post by User
Post by
zalmonellaon Feb 11, 2021 12:41pm
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Post# 32540142
...and y'all told me this wouldn't happen
...and y'all told me this wouldn't happenHere we are only a month or two after most of you were shouting that IPL is the deal of the century and they don't need financing.
When I pointed out the size of Heartland at 50% of enterprise value exposed them to all sorts of risks including a credit re-rating and a takeover, ya didnt' want to listen. Some of you even told me I was wrong or that it's my fault for buying according to sensible investing principles years ago and averaging down when required. And yet, now here we are.
Been in this for years in what was once a nice divvy for the RSP - and now I get to lock in losses by Brookfield's takover? I think not.
All you Johnnny-come-lately day traders on the noisy boards, it's all very well for you, but for the rest of us who do serious investing for our future, this is who I hope IPL will take into consideration when they talk with Brookfield about offers. It all depends on what Brookfield offers. Don't forget, there's a lot of institution and pension money in IPL. If it's straight cash or BAM.A shares, nobody will jump at it - too big a tax risk in the first and no opportunity in the second. But if it's BIPC shares or a combination with cash, enough might jump.