BarstoolSage wrote: Great Canadian Caming executives likely had no skin in the game unlike our insider group and the market then made it so undervalued.....opportunistic buy meet no skin in the game.
Here is a story for you all on forecasting. I attended an economic forecast luncheon in downtown Toronto about 1994 that included Ira Gluskin who was an important reason for me being there.
Others were also there known to me via the media and I found Ira was up last. It was a long Board of Trade head table and I remember being impressed by the lunch and facilities .
The pundits had numbers and numbered abstracts in growth and performance I could follow because of my university economics courses and others focused on particular industries and such.
It was Ira's turn and he looked around and said "I can't believe anyone has said a word about what is happening in Quebec"
It was less than a year before the referendum vote.
It was not a signal one way or the other, just that it was an important consideration of risk that had not yet been adressed but was a definite elephant in the room
So thanks Bridge & Malx for the added thoughts on unexpected news and bigger picture shocks on inflation ...Eurasion developments, currency shocks, ....bank. broker. insurance company failures....smaller bank failures can be controlled...
Definitely a tough world out there and lots to consider..
Makes it good to own part of high inside ownership regulated vice real estate and hospitality enterprise
Tenderfoots welcome at The Deerfoot...but the smart gather there too.
malx1 wrote: TheBridge wrote: I have really enjoyed the posts recently by our attentive and wise group! Excellent summaries of the current trends and their lkely impacts on GH. Malx1, I am also loving the current winds at our back in oil, same feeling I'm sure we'll finally feel with GH reasonably soon. Would like to add an additional sentiment to the list of factors that have been identified and suggested already. The settling down or slowly down of inflation particularly in the US and Canada along with the strenghened feeling by the market that they are very close to ending the rate hikes are/will provide some further winds at our back. All contingent on, as Malx1 has stated, "barring any major economic setbacks." Have a great day and prosper.
It's been tough sledding the last 3 years for GH shareholders.
We rode out a Global Pandemic.
At
Great Canadian Gaming, they panicked.
Executives there sold the business at the bottom of the market.
Massive failure for shareholders of GC.
Pat yourselves on the back, celebrate your mettle.
You did what the $10k suit guys at GC couldn't.
You held tight, maybe even added shares.
That's a light we see at the end of the Pandemic tunnel.
Within 12mo we're out in sunshine.
Grass will be greener.
Whatever the positive outcome ahead, you guys have earned it.
The old
Hurry up and Wait strategy.
Boring, but it works.