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Thread: Davis and Hendersen or D+H Corporation

  1. #21
    Senior Member HaroldCrump's Avatar
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    This is a small company...why are the shorts bothering?
    Valeant was the largest Canadian stock by market cap when the short report came out.
    DH is small too, but Boyd is tiny.


  2. #22
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    no idea, that's just what they're saying on BNN

  3. #23
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    Quote Originally Posted by Canuck View Post
    and now Boyd group... short report
    Do investors of BYD.UN have to file taxes differently in a non-registered a/c? I don't know much about MF trusts.

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  5. #24
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    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.

  6. #25
    Senior Member humble_pie's Avatar
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    Quote Originally Posted by HaroldCrump View Post
    So I think this whole oil crash and the warnings around real estate crash have turned the world's attention to sleepy, frozen, Canada.
    These American short sellers and other speculators have traditionally focused on the US tech, bio-tech, and mining sector.

    Because of our energy sector carnage since 2014 summer, they have suddenly realized that there is an entire stock market north of the border that they can raid to make profits ... they have turned their attention to what they know best - bio-tech and financial services.

    It is not super hard to find flaws in financial service, banking, and insurance companies.
    They are all traditionally super-leveraged, carry a lot of different types of derivatives and securities on their books, mark to market valuations can easily be challenged (they are basically your word against mine), etc.

    Therefore, these SFIS's are raiding the easiest targets.

    Canada's real estate market and the related banking sector (as well as specialty firms like Home Capital, etc.) offer even easier targets.

    Of particular concern is that American hedge funds and upstart short sellers have been trying to take down Canadian banks for the last 5 - 8 years.
    Many have tried and failed.

    Here are a few upstarts that lost their shirts trying to take down Canadian banks

    Meet the man who's selling Canada short

    Another hedge fund manager bets against Canada's big banks

    Latest Great White Short on Canadian banks not working out

    Note the date on the first two article...these upstarts bet against the Big 5 Canadian banks back in 2011.
    We can tell how well that has worked out

    However, now the focus on Canada and its stocks are unprecedented.
    Hordes of these SFIS's are now looking for opportunities to raid mid-cap or even large car Canadian companies.

    Valeant has perhaps a hole or two in their accounting and business model that can be exploited.

    But I feel the DH case is just pure concoction.
    It is possible to take pretty much any financial service stock, dig through their balance sheets and find small sub-companies and question their accounting.
    It is possible to find illiquid, MTM derivative products and question their valuation.


    nice roundup reading list of recent canadian bank shorts!

    to this list one should add shortseller-turned-california-chicken-farmer Marc Cohodes, as brought to this forum's attention by Goldstone a few months ago.

    earlier this year cohodes bet heavily against canada's Home Capital Group.

    he would not short canadian chartered banks, cohodes told the globe & mail. "They're well-run, they're diversified and they're too big to fail by the Canadian government," he said.

    instead, cohodes aimed at sub-prime finance that serves the canadian real estate market.

    http://www.theglobeandmail.com/repor...ticle25715455/

    one comfort to this rogue's gallery of short artists is the fact that they have had to pay out whopping dividends over the past several years. Meawhile their short positions, although momentarily profitable here or there, have not actually paid off for them.

  7. #26
    Senior Member humble_pie's Avatar
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    Quote Originally Posted by HaroldCrump View Post
    Here is the full video of Jason Donville talking about it

    He is asking the question, where does this end? What is next? Are these yanks going to go after the Canadian banks next?

    Q: is andrew left from nevada, the way jason donville keeps saying? is citron research incorporated in nevada?

    nevada, home base of the naked shorts.

    illegal in the US of A, typically the naked shorts have played in canadian penny mining stocks. Naked shorting is a cross-border issue.

    are they now going mainstream, though? companies like valeant, D & H?
    brrrr, it's a bit like finding out your nice neighbour is an ISIL supporter

  8. #27
    Senior Member HaroldCrump's Avatar
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    Quote Originally Posted by humble_pie View Post
    Q: is andrew left from nevada, the way jason donville keeps saying? is citron research incorporated in nevada?
    nevada, home base of the naked shorts.
    Andrew Left lives in sunny, posh Beverly Hills, California.
    I don't know where Citron Research company is incorporated...will look it up.

    He is a Carson Block wannabe.
    He has been copying Carson's methodology and has managed to identify a few smaller Chinese firms with borderline frauds.
    That has been his claim to fame.

    He also claims he called the top in GoPro shares, but he was not the only one.
    Many analysts were screaming over-valuation on GoPro.

    Peter Hodson of 5i Research (a respected Canadian research firm) and current editor of the Canadian Money Saver magazine is very skeptical of Left and his methods.
    He said this:

    "What they seem to do quite well is they're able to spin existing facts into a horrible scenario. It reads very badly.
    Their job as a company is to create the most amount of panic so they and their clients can make the most amount of money
    ."

    Quote is from this article

  9. #28
    Senior Member HaroldCrump's Avatar
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    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.


  10. #29
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    Is anyone buying at this level? DH's revenus have pretty much been flat.

  11. #30
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    Quote Originally Posted by Canuck View Post
    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.
    Is it too complicated to keep track of those dividends in a non-reg compared to a registered?


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