LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:This thing may as well be called Oil Stores

[Goldbuggy1]

FootballFan1 wrote:
1) Yes, Apple shareholders did want a dividend and pressed the company on it.......Apple, especially under Jobs, thought shareholders would be better served if he used the money to fund growth....Now, Apple is doing both. 2) You want other examples of cash-rich companies that can/have bought back stock? OK, how about the Canadian banks, Canadian National Railway, Celestica, Metro, McDonald Detweiller, CGI Group, etc. etc. etc. 3) Not sure what you're talking about re. buying back Apple stock at an all-time high - what part of "If the price of Apple shares drop to a point the company feels is SIGNIFICANTLY UNDERVALUED, they used that cash to buy back shares" - If you still don't get this, I don't think you ever will.........4) Your statement that a revolving line of credit do not have debt covenant conditions attached to them is false: Forbes magazine states it well ("The Line on Credit Lines" by Maureen Ferrell): "A revolving credit line allows borrowers access to a pool of funds as they need them. The lender charges interest (to be paid monthly or quarterly) only on the amount drawn down........Like bank loans, credit lines come with strictures called covenants. Blow those and your line could get yanked." 5) A debenture is debt that is not secured by physical assets / collateral, so the interest rate charged on debentures are typically higher than on secured loans because, in case of insolvency, the holder of the debenture lines up behind the secured loan holders when it comes to receiving the proceeds from the liquidation of assets ......Finally Goldbuggy, an unsolicited piece advice: When you make a mistake, simply admit you were wrong and move on....this desire of yours to dig yourself in a deeper hole with subsequent posts does not make you look good.......

I am sorry but the only point I see you trying to make with your long winded post was to try and baffle everyone here with your B.S. Let's keep it simple shall we. LIQ doesn't have a credit problem. If they did they would not be giving a Dividend back to there shareholders because by doing that they are not adding value to the secured loan. I also said that LIQ Share Prices right now are SIGNIFICANTLY UNDERVALUED and it makes sense for them to buyback 10% of them at this price. I showed many instances why. Many also agree to that. If you disagree with that then fine. I could care less. Sure it would be wonderful if LIQ could continue to pay a Dividend and continue to buyback shares with cash as well. But they can't and this is the part you don't get.