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Investment Ideas / Re: PIF.TO - Polaris Infrastructure
« Last post by SafetyinNumbers on Today at 06:30:24 AM »
Iím curious what examples of power assets that people have witnessed be expropriated?

Any links would be appreciated.

"Upon seizing power in 1979, the Sandinista leadership implemented a series of confiscatory measures,
initially limited to members of the Somoza regime but quickly expanding beyond, including anyone who left the country for more than six months and account holders and shareholders of the nationalized sectors, including banking, electrical power, and insurance. The legal and factual bases for most of the confiscations were questionable."

http://etheses.lse.ac.uk/481/1/Dille_Ill%20fares%20the%20land.pdf

Same country. Same political party.

I will admit that I didn't "witness" these assets being nationalized. I usually try to leave before the technicals filled with armed militia show up.

Same country and same political party but very different situation. Itís interesting that payment of net book value of the assets was supposed to be paid and eventually some compensation was provided. Obviously, this would not be a good path to go along under any situation.
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Politics / Re: Russia Investigation.
« Last post by Liberty on Today at 06:21:41 AM »
Twitter links with no personal supplementary comments does not do it here, Liberty.
I agree with john here. Random twitter dude doesn't mean jack.

I posted a video of Dan Coates learning about Putin being invited to the white House, but was on phone so just posted the link without commentary. I deleted it. Things mean something or not based on their intrinsic value, not based on their source. We're all "random forum people" here, not any more prestigious than "random Twitter people".
Off topic here. While I stand by the premise of my post, I want to apologize to Liberty because I think the post came across way more dickish than I intended.

Liberty, by the time I posted my comment the Dan Cotes post, nothing wrong with that, was gone. But you do have an affinity for tweets. I'll probably stick my foot in my moth again, but I'll give an explanation a try. We may be random forum people here, but we kinda, sorta know each other. For exmple, I know that Scottie's a troll, that you're an optimist, that rkbabang is an honest libertarian, and that Cardboard is well... Cardboard. This knowledge allows to interpret comments in some context to some extent.

I fully expect that a post i make here on CoBF to be completely dismissed as the thought of random internet dude if quoted outside of CoBF. Moreover, I would appreciate it if it was so. In my opinion, one reason why we're in the predicament we find ourselves in today is because of too much reliance and faith in social media. Fake stories planted on random no-name sites, being shared left and right on social media help a twitter troll become president.

Twitter is a particularly egregious platform. Is someone really going to properly articulate and support an opinion in 140 characters, or more recently 280 (which makes no difference)?

If I crossed some sort of line with my explanation/opinion, I apologize again.

No worries. But the links that I post aren't random. They're filtered by me. You don't have to click them if you don't want to, but if you do, I hope you'll judge them on their content like anything else that isn't from twitter, and not just on their source. Maybe years ago there was a huge presumption against online sources, but today, a lot of totally legit people are on Twitter, journalists, experts. Even politicians and con men... So linking there should be pretty neutral in your priors.
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Investment Ideas / Re: PIF.TO - Polaris Infrastructure
« Last post by Foreign Tuffett on Today at 06:09:32 AM »
Iím curious what examples of power assets that people have witnessed be expropriated?

Any links would be appreciated.

"Upon seizing power in 1979, the Sandinista leadership implemented a series of confiscatory measures,
initially limited to members of the Somoza regime but quickly expanding beyond, including anyone who left the country for more than six months and account holders and shareholders of the nationalized sectors, including banking, electrical power, and insurance. The legal and factual bases for most of the confiscations were questionable."

http://etheses.lse.ac.uk/481/1/Dille_Ill%20fares%20the%20land.pdf

Same country. Same political party.

I will admit that I didn't "witness" these assets being nationalized. I usually try to leave before the technicals filled with armed militia show up.
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General Discussion / Re: What are you buying today?
« Last post by frommi on Today at 05:50:50 AM »
Hi John - nothing in particular.  Iíve been buying yieldy stuff as things sell off - i.e. D, PPL, BRX, KIM, MO, PM and PG - some of which I sell (in part or in whole) when theyíve recovered and some of which I hold if I think the dividend is safe.  Sort of a mechanical process.  Hope you are doing well.

Thanks
Lance

Looks like we have a similar strategy. :) Bought all the names you mentioned in the last 2 months and Imperial Brands,WBA,T,MDP,WPP,HSY,PEP,CHD,CPB,GIS,CLX.
I realized i can`t hold anything forever, so i finally sold VFC and created a new rule to sell if something in my dividend growth portfolio is >25% overvalued, bought more KMI,IBM and DDR with the money.
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Investment Ideas / Re: PIF.TO - Polaris Infrastructure
« Last post by SafetyinNumbers on Today at 05:46:00 AM »
So this goes for 6.5x EBITDA and a 5% dividend yield. I can buy a pretty decent utility company operating in the US and the UK with a 6% dividend yield and 9.5x EV/EBITDA (PPL). Seems to me that PPL may beat better bet. I can see the attraction her, but I think if you operate in an unstable country, a 50% discount isnít really unreasonable.

I get closer to 4x EV/EBITDA for 2019E and a stated goal of US$1.00 annualized dividend in 12-18 months is north of a 10% yield. Each multiple point is worth north of C$5 to the share price so decent upside if it can get to a 50% discount to peers.
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Politics / Re: Trump - transformational President
« Last post by matts on Today at 05:38:22 AM »
The wording of this poll reminds me of a bit Stephen Colbert used to do on his old show.

"Trump. Great President? or the Greatest President?"

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Investment Ideas / Re: ALS.TO - Altius Minerals
« Last post by linealdin on Today at 05:27:39 AM »
https://www.newswire.ca/news-releases/adventus-and-salazar-announce-additional-2018-drill-results-at-the-curipamba-project-including-509-metres-of-267-copper-2095-gt-gold-3846-zinc-3388-gt-silver-and-532-lead-for-3745-copper-equivalent-cueq-688872731.html

Ultrarich infill drill results at Curipamba. 10 meters of 2.58% copper, 11.48 g/t gold, 22.72% zinc, 266 g/t silver, 2.73% lead (23% copper equivalent). Much higher grades than the existing resource.
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Politics / Re: Russia Investigation.
« Last post by MarkS on Today at 04:57:54 AM »
Hi RB,

I actually agree with everything you wrote - including why the French got the hotter spy.  But I just have one question. Do you believe that the FBI  and the DOJ  need to be extraordinarily carefully during an election year to avoid creating the appearance that they are engaging in politically biased investigations?

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Politics / Re: Russia Investigation.
« Last post by MarkS on Today at 04:51:18 AM »
Hi Elig,

You obviously don't want to read any more of my opinion - hell - I'm not sure I want to bother to write any more.

So please see.attached:

https://www.washingtonexaminer.com/news/fisa-warrant-application-supports-nunes-memo
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General Discussion / Re: Investing retained earnings
« Last post by globalfinancepartners on Today at 04:41:48 AM »
https://www.interactivebrokers.com/sb/en/main.php

No problem if you are in the USA at least.
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