RE:Exchangeable vs. Nonexchangeable?If my TSGI shares are easily exchangeable to the new flutter shares on my existing CIBC discount brokerage account when/if the deal gets done, I will be more than happy to continue to HOLD my shares as I think there is a good future in on line gambling and this new merger will be the greatest beneficiaries for all existing shareholders out there on both sides of the joint venture.
However, if as tobuyornot says that the shares are automatically sold at decision time and if we have to buy on a foreign exchange if we want to proceed on buying into the almagamated company then I highly doubt I will rebuy at that point. I have had my share of headaches buying into foreign markets outside of North America. You need to deal with the hassles of so many things when it comes to foreign investments.
I also know that in a universe of thousands of stocks listed on the North American exchanges there there is always an opportunity right here at home. No use falling in love with a stock that makes it difficult for an investor to buy it. If this new almagamated entity wants to truly keep all existing shareholders enrolled and invested, then they will find s way to do it within North American stock markets.
As I mentioned on a few occasions, I fell in love with this growth story and continued to buy the stock on the way up to $51 at peak. I think many on this board got caught too thinking more with our dreams to quick riches rather than stepping back and being patient and waiting for the inevitable pull backs and consolidation phases that come with all stocks. Even growth stocks go through these consolidation phases every now and then.
Keeping things simple is my new motto in investing!!! Been burned too many times.
We still have some time before next years decision/approval time so hopefully things will be a lot clearer by that time,
I truly wish everyone success in whatever decision you make. After all I think ultimately everyone wants a better standard of life and financial well being for themselves. That is why we invest in the first place!!
Pathetic lousy bank interest rates on cash deposits or working for someone else for lousy wages which I hear more and more people complaining about won’t get you any closer to financial freedom.
Bottom line is you need to take chances in the stock market but only if you “do your homework and buy companies on the cheap based on current market prices which you know are valued at much lower prices compared to their true intrinsic values. You need to do some due diligence too since there are so many shady CEO’s out there that give you only the positive views of their companies but don’t tell you the whole truth. Many of these CEO’s are only protecting their own jobs and collecting lavish salaries and excessive stock options without earning them. What s life!! Meanwhile the average Joe is living pay cheque to paycheque with no hope in hell if ever getting ahead. I feel for the truly hard working honest but not much wealthier people out there.
That is how the wealthy have always made their money for thousands of years. They will continue to make money for thousands of more years going forward with the same concepts.
Concepts never die. Only people do!!!
Ron