Post by
Marky1 on Mar 19, 2015 8:21pm
Bankrupt?
I'm going to buy more shares tomorrow 1.50$. Any opinions here if the company is going to be bankrupt any time soon? Many thanks.GLTA
Comment by
pennytrading on Mar 19, 2015 9:38pm
In my opinion, we are due for a huge rebound ! I bought some stocks at 1,53$
Comment by
LegoGuy on Mar 19, 2015 11:06pm
Marky1, YES, there are even odds that this thing will go bankrupt in the next 18 months. Massive debt, underperforming assets, lousy management. Read the Q4 release. Management is willing to sell anything to de-lever the balance sheet. Desperate people do not make good decisions. Buy a motorcycle. It will be worth something in 6 months. DS
Comment by
Kherson on Mar 20, 2015 12:34am
Why would anyone consider buying shares in anything that they thought might go bankrupt. Keep in mind that the debt and it's interest payments are in US dollars. There are lots of safer bets than Canexus. Kherson
Comment by
sharksfin on Mar 20, 2015 7:22am
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Comment by
noble13 on Mar 20, 2015 8:58am
Hey Kherson, lets have some examples of these safer bets in the same price range. Specifics my boy, not a bunch of verbage.
Comment by
spidar on Mar 20, 2015 9:02am
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Comment by
noble13 on Mar 20, 2015 10:04am
Spidar, it's just that my 90 year old mother just got a bank TD for 1.75%. I just want to see if a Kherson pick can beat her over the next year. I just want to get his competitive juices flowing.
Comment by
spidar on Mar 20, 2015 10:10am
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Comment by
cadsATS on Mar 20, 2015 6:55pm
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Comment by
cobrak on Mar 20, 2015 10:24am
Mr. Know-it-all (Kherson) has one of the most amazing unique abilities that I have ever seen in a investor. He only buys companies that eventually go bankrupt, so I would not be asking him for advice. Just my opinion
Comment by
bigfatruby on Mar 20, 2015 12:18pm
Price range???? It seems you're bound by linear thinking. Just because you sell a piece of junk at $1.50 doesn't mean you must buy something else in that price range. Buy fewer shares in a quality company. All of the big Canadian banks have a higher yield than dear old Canexus and they even have quality management.!