RE: RE: RE: Take-over target?Pagoda
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I want to be clear, I'm not trying to start a rumour! I was just responding to a post about Carfinco takeover rumours and how I believe a future like VFC's isn't out of our grasp. Carfinco is obviously more safe at the moment, but just last year the sp was very volatile and lower than RFC. As well you were preaching on the Carfinco board just how unsafe and not smart an investment with Carfinco was. Safer=less risk=less reward, I am happy with my investment in RFC, I've doubled and am expecting further growth in the year to come. Imagination isn't the best tool for an investor, but imagine pagoda, if you weren't spending useless time bashing Carfinco over the last year and realized you were wrong sooner you could have had much more gains than you do now. But at the same time I understand the philosophy of being a smart investor, safe over sorry.
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And Pagoda, It isn't that easy for an institution to develop relationships with each dealership, the infrastructure necessary to pull this off, and aswell an active portfolio already bringing money in. I agree that it might be easier for a Canadian institution to start up a new lending department, but an American lender may find it easier to get into the market with an established company.
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In the meantime, I believe you'd be much more tolerated if you weren't such an arrogant @$$hole. IMO.
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Phares