Brookfield Office Properties Inc T.BPO.PR.A

I should create a corporation, leverage it to the hilt

[CrazyTrader]

and go crazy in the stock market.   If the corporation goes bust due to my crazy bets on penny stocks of companies of friends of mine, just declare bankruptcy.    If company ignores covenates of loans, it's the company, not me.

I'm protected by the corporate veil, right????  

For some reason I don't think I'll be protected.

[Carena]

Hi again, "For some reason I don't think I'll be protected."    I agree, no protection for you.  But maybe if you had had a 30 year successful track record in some global industry,  you would be afforded such luxury.  Then possibly yes.   And that is exactly what BPY has done, lever up to the hilt with non-recourse loans.  And the recent

[CrazyTrader]

But I'm me, the corporation is the corporation..... what does my track record have to do with the corporation?    So, how about my corporation waits, 1 year, 2 years, 3 years.... before corporation does what I said before????      It's all about CONTROL..... not TIME, not if it's a corporation, not if it's a subsidary, not to save on reporting. All just

[Carena]

Hi again, Did you ever see the 1980's movie, "Back to School" where Rodney Dangerfield said in his economics class, "tell that to the bank"....one of the best scenes ever! Carena

[CrazyTrader]

"sorry, just trying to help".... Rodney Dangerfield responds..... hmmmm sound a little familiar.   

[Carena]

Crazy, Yes, he did say that.  Lol. Have a great day, Carena

[pierrelebel]

"I should create a corporation, leverage it to the hilt" As one who had four different corporations in my career, I would like to point out that when a private corporation wants to "leverage" (used borrowed money to maximize returns) the lender will ask, actually demand, a personal guarantee backed with adequate collaterals before advancing a penny.

[CrazyTrader]

Pierre, BPY made a guarantee to BPO Prefers.   BN has taken control/ownership of that guarantee, IMHO.   Just my view. I know, I know.....  BPY is a subsidary, separate from BN.    All just my opinion/view/thinking/guessing knowing my view is not how others view it.    When I buy a house and give my neighbours rights of way over my land, and then I

[pierrelebel]

Crazy - If you really want to make money with your BPO preferred shares I suggest you follow your own advice.  It worked with most BPO five year reset shares up about 30% from late December to early February: "ok, going back to silent mode. BPO did well when I was silent." LOL

[CrazyTrader]

Pierre, we are making crazy money just on the dividends...  But, ya, I'm really here for my ~100% share price gain.    When that happens I'll probably sell most if not all my shares.  I'll probably miss out on further gains if I sell, but I'm fine with a 100% gain.  Until then, making crazy money just on the dividends. If natural gas prices goes to near

[pierrelebel]

CrazyTrader wrote "we are making crazy money just on the dividends" Yes, the current dividend yield is rewarding on BPO preferred shares, averaging slightly more than 10%. Nothing "crazy" about it as you can get 10%+ dividend on many Canadian preferred shares (TRP and ECN come to mind). The high yield largely reflects current anticipation of interest rates and credit risks

[CrazyTrader]

There's no "error".  There's a reason why the T's are shorted like crazy relative to all the other BPO reset prefers.      Key word is "relative". Based on what I see, shorts are not shorting because they think company will default.   If they were, short position would be all similar across the prefers and much much higher. They are