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CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D



TSX:CUS.DB.D - Post by User

Comment by justabystanderon Oct 28, 2015 4:21pm
220 Views
Post# 24236241

RE:RE:RE:RE:RE:Question from a newbie?

RE:RE:RE:RE:RE:Question from a newbie?Carfinco went through a similar situation a while back (check out the old messagebaord and news releases if you are new to holding a stock that was bought out and care to read some related info), but had some contentious issues (delays, Spanish bank during euro slump and foreign approvals needed) that made some messageboard posters quite skeptical that the buyout deal would close.  There was a 30% discount at one point because of the issues, which made folks nervous.  So far this deal doesn’t have any of the contentious delays that Carfinco had (not to say some couldnt pop up in the next few months). People who added shares at the discount made out like bandits.  Patience is all that was required. 

I am looking to do that again here, and am adding to my position at the 20% discount.  Now I just have to be patient.  This should help recover some of the losses from holding over that past year or so.  I was looking to buy some SPB shares for the SAFER dividend anyways, so why not grab them at 20% off. Canexus lured me with the big dividend last year, which reaffirmed that not all dividends are created equal, to put it mildly.


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