Canadian Money Forum banner

Davis and Hendersen or D+H Corporation

13K views 45 replies 16 participants last post by  AltaRed 
#1 ·
what the hell happened?

Insider trading much?
 
#12 ·
thankx for this. Amber Kanwar is one journo who's right in the eye of the storm, isn't she?

harold what do you make of this new breed of sullen, frumpy, ill-spoken short sellers who are succeeding in bringing some of what Kanwar calls "darling" stocks down to their knees?

james4 has posted that he thinks iti's all a market phenom, the market was far too overbought to begin with. If that's true, then i guess sullen, frumpy, ill-spoken & Co are going to have a field day.

Q: who are SFIS going to behead next?
 
#7 ·
saw this on another forum

"Just a read a summury of the short thesis of Sumzero.
Basicly they are saying that DH corp Overpaid for the fundtech acquisition back in april.
they are saying that fundtech is losing customer.... blabla.
IF they are right we will see it in tommorow morning.
this could be a huge buying opportunity.
If shares dip under 30$ tommorow. I am adding."


I guess we'll know more in the morning
 
#8 ·
I had deep familiarity with D+H in a previous role at my company.
This is going back to the 2005 - 2008 days.
At that time, their old business was declining but they were in the process of restructuring their business into technological services for the financial industry.
They had started document processing, storage, aggregation and printing for some of the banks, credit union, and mortgage lenders we did business with.

At that time I thought that if they succeed in transforming their business, they could do well.
Certain parts of their business was always going to decline and eventually die away...but they had every opportunity to transform themselves into a technology financial services company.

I haven't kept track of them over the years, but based on a stock price chart, they seem to have realized that vision and done well.

I have personally never heard of this group SumZero, but then I am not a trader.
From the news on BNN etc. this sounds like another corporate raid.

Exactly the type of thing that Jason Donville was warning about last week on BNN.
 
#9 ·
I've held it since 2012 and oddly was going to sell last week as I'd made a double. Thought I'd put my money into something that had been beaten up a bit and had a better yield.
Course I didn't, because it fell both days I wanted to get out and I thought it'd bounce back to 40. Silly. Now I know why it was down those few days when the market was up.

analysts always seem very positive on the stock.
 
#19 ·
I looked through their cash flow statements for last several years and their cash from operations appear to be very flat for last several years. Regardless of what's happening with the company last 2 days, what makes D+H corp an attractive buy?
 
#24 ·
anything with a ".un" after the symbol, usually pays out distributions as a mixture of eligible dividends, "other income" (taxed as income), and ROC (return of capital).

I think that's your question?

Anyway, it's a bit more work to keep track of compared to a stock that pays 100% eligible dividends.
 
#28 ·
BNN just posted the following picture.
These Canadian companies have "growth by acquisition" as their core strategy.

It seems Wall St. & Bay St. are abuzz with rumors that short sharks are circling most/all of these companies.

According to what Amber is saying, shareholders of these companies should watch out for shark attacks.

 
#34 ·
I agree it is not overly complicated. Tax slips and income summaries from brokers provide that information. One just has to remember that when they get their T3 tax slip....to go back and do the ROC adjustement on ACB effective December 31 the previous year.

The biggest issue that I think gets missed is if someone sells a partial position during the tax year. One does not really know the ROC adjusted ACB for the date of sale until the information becomes available from the tax slip the following March.
 
#39 ·
Really? How about all the people who bought at $40 or even as high as $43? The $25.50 offer doesn't look so good to a lot of shareholders. This is defeat, not victory. It will probably succeed, but only really manages to save face for poor management. This isn't a takeover at an all time high such that everyone wins, it's only about 58% of the all time high in 2015 and still only 65% of the 2016 high.
 
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top