TSX:STB.DB.A - Post by User
Comment by
goldsternpon Sep 16, 2015 6:07pm
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Post# 24110413
RE:RE:Dennis on BNN
RE:RE:Dennis on BNNCongratulations on your good timing.
I believe the CD redemption was done well:
1. Originally the company received US$48 million for those debentures and redeemed them at US$40 million. The gain was US$8 million.
2. Company timing on the secondary was good; just like your sale.
You claim that company is diluting shareholders equity even though shareholders equity increased by 15% over the year.
My interpretation of the financial reports is different from yours.