RE:RE:Epic fail.Whitewood2 wrote: One thing is sure, Fairfax didnt buy 10 Million shares @2.25 to make a 10 or 15% profit. Another reason why I am holding steady. Nothing will happen until they double up and then seeing how this company turned the corner, they will hold and cash a bundle years in years out. Without expecting TMB to go back at the level it treaded years ago, let me remind the doubters that TMB was trading to over $50 years ago. It would be wayyy too nice to see it back up there but very unlikely. However in the 10 to 20$ within 24 months yes very possible.
Solid point. I just benchmark at $6ish from the 2011 rally for a high water mark. The exchange rate was awful for us, near parity. Tembec wasn't a good company back then -- it had more assets, but they were underperfroming. In short, it was not a great place to invest.
I see that $6 a share in 2011 and raise it another $6. It's what you get for turning the company around and making it truly sustainable. I'm thne going to raise you another 63.5%. That's what the Dow has since done, and that excludes dividends. So another way of 'back of napkin' valuing this is (6+6)*1.635 = $19.62. Let's shave that down a lot to account for uncertainty and all.... but the moral of the story is this is a good buy. That's not my best valuation, and it's almost a little too home-spun. Sounds like something the Rhino would so. Heck, give it zero premium over 2011 highs outside of inflation adjustment (i.e. Dow) and you have a 10 dollar stock.
I found a nice Fintech startup to hook me up with a loan to invest which is cool. It's higher interest rates, but what's 9% per year between friends when you can make 200%+ per year easily on this? The beauty is I can't get margin-called when the stock starts jerking around too. #Leverage.