The Montreal Canadians have won more championships than any other pro sports team (in North America anyways), and they are 100 years old.
George Gillet who also owns part of Liverpool that got destroyed by Chelsea yesterday, is putting the team up for sale. who owes some money and has to sell the team and the Bell building, where they play and is home to concerts, ect.
the bidders
Celine Dion and her husband Ren? Ang?lil
Billionaire Stephen Bronfman of Claridge Investments Inc.
Guy Lalibert?, founder of Cirque du Soleil
Joey Saputo, son of cheese magnate Lino Saputo
Molson family
The ALDO Group
Caisse de d?p?t et placement du Qu?bec
Quebecor
Roustan Capital
Spectrum Equity
Celine has made a great deal of money, albums singing ect...Bronfman family used to control Seagrams, Saputo is North America largest cheese makers.
Caisse is the giant pension fund (doubt it).
probably best that Montreal is owned by Quebec based interests, rather than American or English Canadian...
there is a lot of pressure to win, win, win, it is a religion, in Montreal there is Hockey and then everything else.
hope they make the playoffs will not win the cup.
they earn 50 million roughly this year, they will be sold for 350-600 million so the team can be had for 10X earnings. the next year or two could be a challenge however long term this will be a great invesment at 500 million or so...10X earnings and growing ......
Trades
bought a position on Sunlife SLF for 24.75 cdn. then sold a 25 July call for 2.40
if I knew the stock would have spiked to 26cdn. today would have waited a got more, however roughly a 10% return in four months (more if count div) will be a good return.
bought some XLF and sold some more XLF 8 puts.
passed on buying WFC ahead of earnings...was nervous...to bad.
sold a cdn. reit Riocan to early at 12.75 only to see it climb to 13.30... a small profit, should fall the cdn. financials, which are in rally mode.
have some in DRIP/SPP account, none in trading accounts.
have muliple bids for cdn. preferred shares, some of the older issues are yielding 8-10% and trade far below retraction $25 (or issued at) so many yield 8-10% but over 12-13% when they mature.
do not trade often so long term invesments as there are impossible to dump and would rather be a buyer than seller.
TCK. TCK.b own a very small amount at 8.50cdn. now at 9.45 cdn. the debt is a better play, though not as liquid, also far more risk than the preferred described above. this probably either doubles or loses me 30%. stop loss
a play on copper and coal and that they will raise enough money (already selling off assets) and the banks extending the debt. believe they will.
if wrong you have a loss and good sized one.
not sure on the direction of the market.
sold some PCA Petro Canda and Nxy puts, main reason is the premiums 10-20% out of the money, options are still good. and may lose 75% of my positions in these stocks, in April....
PCA, NXY, TLM, and CNQ.
so will sell puts and see what happens.
thanks
selkirk
George Gillet who also owns part of Liverpool that got destroyed by Chelsea yesterday, is putting the team up for sale. who owes some money and has to sell the team and the Bell building, where they play and is home to concerts, ect.
the bidders
Celine Dion and her husband Ren? Ang?lil
Billionaire Stephen Bronfman of Claridge Investments Inc.
Guy Lalibert?, founder of Cirque du Soleil
Joey Saputo, son of cheese magnate Lino Saputo
Molson family
The ALDO Group
Caisse de d?p?t et placement du Qu?bec
Quebecor
Roustan Capital
Spectrum Equity
Celine has made a great deal of money, albums singing ect...Bronfman family used to control Seagrams, Saputo is North America largest cheese makers.
Caisse is the giant pension fund (doubt it).
probably best that Montreal is owned by Quebec based interests, rather than American or English Canadian...
there is a lot of pressure to win, win, win, it is a religion, in Montreal there is Hockey and then everything else.
hope they make the playoffs will not win the cup.
they earn 50 million roughly this year, they will be sold for 350-600 million so the team can be had for 10X earnings. the next year or two could be a challenge however long term this will be a great invesment at 500 million or so...10X earnings and growing ......
Trades
bought a position on Sunlife SLF for 24.75 cdn. then sold a 25 July call for 2.40
if I knew the stock would have spiked to 26cdn. today would have waited a got more, however roughly a 10% return in four months (more if count div) will be a good return.
bought some XLF and sold some more XLF 8 puts.
passed on buying WFC ahead of earnings...was nervous...to bad.
sold a cdn. reit Riocan to early at 12.75 only to see it climb to 13.30... a small profit, should fall the cdn. financials, which are in rally mode.
have some in DRIP/SPP account, none in trading accounts.
have muliple bids for cdn. preferred shares, some of the older issues are yielding 8-10% and trade far below retraction $25 (or issued at) so many yield 8-10% but over 12-13% when they mature.
do not trade often so long term invesments as there are impossible to dump and would rather be a buyer than seller.
TCK. TCK.b own a very small amount at 8.50cdn. now at 9.45 cdn. the debt is a better play, though not as liquid, also far more risk than the preferred described above. this probably either doubles or loses me 30%. stop loss
a play on copper and coal and that they will raise enough money (already selling off assets) and the banks extending the debt. believe they will.
if wrong you have a loss and good sized one.
not sure on the direction of the market.
sold some PCA Petro Canda and Nxy puts, main reason is the premiums 10-20% out of the money, options are still good. and may lose 75% of my positions in these stocks, in April....
PCA, NXY, TLM, and CNQ.
so will sell puts and see what happens.
thanks
selkirk
