Tyler @_tmm_trader

Write very occasionally at Ontario, Canada Joined August 2013

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Tyler @cdnvaluestocks

6 months ago

I know it's been said many times, but Sedar+ is an absolute disgrace. "Let's take the site down all day for maintenance. There's nothing going on in the world, surely nobody will want to look at financial reports on a Saturday" - Sedar idiots probably

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Tyler @cdnvaluestocks

7 months ago

While Knight Therapeutics $GUD.TO is a serial acquirer of assets, Jonathan Goodman buying back Paladin Labs was always discussed as one of the most logical deals to make, especially given Endo's perpetual financial problems. Cool to see it getting done globenewswire.com/news-release/2…

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Tyler @cdnvaluestocks

7 months ago

Patience and price discipline has always been Goodman's thing, wonderfully shown in the story of him buying his current house:

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Tyler @cdnvaluestocks

7 months ago

Fun fact: if you transfer your brokerage accounts your money is stuck in limbo for an ungodly amount of time, so if you ever need to force yourself to think long term during market sell offs, just do that...* *It also means you can't buy anything during the sell off, which sucks

Tyler @cdnvaluestocks

8 months ago

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Tyler @cdnvaluestocks

7 months ago

But the purchase price was almost entirely paid with the assumption of debt and settlementof workingcapital and loans receivable. It's not a given, but buying out a partner, possibly in financial distress, for taking on debt, suggests the price could be very attractive

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Tyler @cdnvaluestocks

7 months ago

I'm also open to the possibility that it's not a good price. The uncertain development timelines and plans in particular make it seem like the assets shouldn't command high prices.

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Tyler @cdnvaluestocks

7 months ago

I wish Cooper and $DRM.TO was buying back more shares too, but this investment seems like it could be taking advantage of a distressed seller, gaining control of assets where control is important, and be quite counter cyclical.

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Tyler @cdnvaluestocks

7 months ago

Lost in the Dream Unlimited $DRM.TO buyback/conference call discussion is that Dream actually made a pretty large investment into its own business in the fourth quarter but it was buried in the footnotes:

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Tyler @cdnvaluestocks

7 months ago

Valuing these assets seems like it would be a fool's errand, so I won't bother. I'm not sure about the assets bought, the developments have very long timelines and plan aren't finalized, etc.

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Tyler @cdnvaluestocks

7 months ago

Given I'm supposed to be working, that's all I could find that this purchase included, though there could be more (and I could be wrong that it includes these, though I don't think I am).

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Tyler @cdnvaluestocks

7 months ago

Another far off project, 68 townhome proposal in Newmarket.

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Tyler @cdnvaluestocks

7 months ago

This is a project I missed (I believe it's included under the "other" line in the development projects). Proposed 340 units and some retail space. Still a very long way off.

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Tyler @cdnvaluestocks

7 months ago

It seems like Dream grew its ownership in the Riverside Square retail space, which I believe was included under "other GTA retail", so Dream grew its ownership from somewhere between 30%-50% to 100% in ~60k sq.ft of mostly empty (but newly built) retail space

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Tyler @cdnvaluestocks

7 months ago

The purchase should include the Collingwood Grain Terminals project, which is a long way off, more or less impossible to value, but would be a landmark asset with current plans for a 10 story hotel and a 24 floor condo building in addition to retail space.

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Tyler @cdnvaluestocks

7 months ago

I don't know for sure all of the assets that Dream owned with Streetcar, but we know Dream owns 100% of its boutique hotels (168 rooms). At book the 50% stake in these is worth ~$42 million.

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Tyler @cdnvaluestocks

7 months ago

This appears to be buying out Streetcar Developments from its JVs.

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Adam Wilk @AKWilk

8 months ago

Leon’s $LNF should be repurchasing stock. A lot of stock. open.substack.com/pub/poundthero…

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Yellowbrick Investing @joinyellowbrick

8 months ago

@finance_schmidt @89Olle @Larryjamieson_ @augustusville @Guyquity @RohanSoor @JourneyToIthaka @BrassTacksCap @GaelanHanlon @carlosag_92 @WelfareCapLLC @jefke00 @NateValuetw @TheLongHappy Turns out "Canadian Value Stocks" owns a lot of Canadian stocks (and a large position in $DRM.TO) @cdnvaluestocks

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Tyler @cdnvaluestocks

10 months ago

No horse in the $BIP $BIP.UN $BAM race but this is good work and a great example of how to use a short report as a jumping off point for research. I'll be following the discussion with interest

Bauncey Chillups @PrefShares

10 months ago

No horse in the $BIP $BIP.UN $BAM race but this is good work and a great example of how to use a short report as a jumping off point for research. I'll be following the discussion with interest

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Tyler @cdnvaluestocks

10 months ago

Person A - publicly publish thoughtful discussion Person B - I choose not to read what you wrote, write it in a different format, send directly to me, then I'll respond Person A - is what I did somehow insufficient? Person B - you must not know what you are talking about