tag:blogger.com,1999:blog-9031526429482744032.post5257953041522112989..comments2024-03-29T00:20:06.554-07:00Comments on Don't fuck with Donville: Hardwoods Distribution (HWD.TO)Penetratorhttp://www.blogger.com/profile/01670644029306203741noreply@blogger.comBlogger20125tag:blogger.com,1999:blog-9031526429482744032.post-27018389331393975482016-04-10T09:17:07.091-07:002016-04-10T09:17:07.091-07:00The CEO may write about EBITDA like a lot of other...The CEO may write about EBITDA like a lot of others CEO. At least, the results of the company are actual profits and not adjusted earnings. That's the huge difference between HWD and CXR or VRX. <br /><br />Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-15992616014675645092016-04-10T08:04:10.063-07:002016-04-10T08:04:10.063-07:00I read the shareholder's letter and the CEO is...I read the shareholder's letter and the CEO is talking a lot about EBITDA... So what do you think about this Buffet quote?<br /><br />We’ll (Berkshire Hathaway) never buy a company when the managers talk about EBITDA. There are more frauds talking about EBITDA. That term has never appeared in the annual reports of companies like Wal-Mart, General Electric, or Microsoft. The fraudsters are trying to con you or they’re trying to con themselves. Interest and taxes are real expenses. Depreciation is the worst kind of expense: You buy an asset first and then pay a deduction, and you don’t get the tax benefit until you start making money. We have found that many of the crooks look like crooks. They are usually people that tell you things that are too good to be true. They have a smell about them."Davidhttps://www.blogger.com/profile/03650333846994404416noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-20014286916398649182016-04-10T08:01:10.781-07:002016-04-10T08:01:10.781-07:00Ce commentaire a été supprimé par l'auteur.Davidhttps://www.blogger.com/profile/03650333846994404416noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-82887687958928711872016-04-09T16:56:53.846-07:002016-04-09T16:56:53.846-07:00Sometimes, everybody hates a stock for the right r...Sometimes, everybody hates a stock for the right reasons.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-1747297319399093362016-04-09T04:10:37.114-07:002016-04-09T04:10:37.114-07:00This is why investing is just as much a psychologi...This is why investing is just as much a psychological exercise as anything else. When you buy a stock and lose a lot on it, you have a history with it and it affects you and you start hating it. CXR is dirt cheap and expanding their business in Europe, At the present price it seems cheap to me. Sometmes the time to buy a stock is when everybody hates it.Gavinhttps://www.blogger.com/profile/04771103734767703683noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-2160861019292720112016-04-08T17:46:06.531-07:002016-04-08T17:46:06.531-07:00Don't you guys find it exhausting trying to ke...Don't you guys find it exhausting trying to keep up with CXR? I just had enough after earnings and sold out at a 15% loss. After seeing what the government did to Allergan / Pfizer I have an even lesser conviction with CXR. Why bother!Twotimehttps://www.blogger.com/profile/05868436511774128622noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-27159577009402251662016-04-08T15:19:30.368-07:002016-04-08T15:19:30.368-07:00First post here, great work Penetrator. Very rare...First post here, great work Penetrator. Very rarely do you see a mix of humour with sound finance and I thank you for that. Hardwood and others were featured on yesterday Globe Number Cruncher. The screen was for profitable Cdn companies with earning growth. HWD was # 7 with a trailing 1Y ROE of 16 compared to a 3Y one of 14. I do notice that it rank # 1 in term of 5Y EPS growth with 117%. Cash flow to debt was also impressive with a ratio of 38 (second best). I haven't look at the financial but the debt must be very low. Familiar names on that list were Gluskin, Nobilis, Jean Coutu, Exco, Home Capital and CGI. Savaria Corp was # 19 with a realy good 3Y ROE of 21. The one thing about Hardwood or Savaria are they are still very low market cap below 300M. I know Savaria is followed by Hodson and Takascy which is a good sign.<br /><br />For D. Wesker: I also own CXR, paid close to the actual closing price but still questionning if I should transfer into something like GUD which doesn't have the debt problem. The reason I am keeping it is the strong cash flows that should be generated, but there is also risk. I keep myself concentrated to the best 10 stocks and I find it a bit risky to bet on only 1 stock. Even the best stock in the world can have its problem. No moral on that we all need to live our experience. GLTUFist of Furyhttps://www.blogger.com/profile/07788499714012608037noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-28331534744666481472016-04-08T14:30:16.040-07:002016-04-08T14:30:16.040-07:00Good job Riley.
Savaria is interesting. I may wri...Good job Riley.<br /><br />Savaria is interesting. I may write about it eventually.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-67977861323244775542016-04-08T13:43:46.890-07:002016-04-08T13:43:46.890-07:00Thanks Riley for your thorough reply, really appre...Thanks Riley for your thorough reply, really appreciate the helpful information. I will definitely go over your suggestions and Penetrator's blog. I'm happy I found this blog and can't wait to learn and grow!<br /><br />Penetrator thank you for this blog and great information, it's entertaining and educational!<br /><br />Thanks and good luck to all!Anonymoushttps://www.blogger.com/profile/17970296826043001044noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-75058234670539208232016-04-08T11:58:28.833-07:002016-04-08T11:58:28.833-07:00Hey man, Penetrator has put a lot of wicked conten...Hey man, Penetrator has put a lot of wicked content on this blog over the years and I strongly suggest reading through it because a number of questions you have and will have are addressed in here. Read the comments as well – there are some smart folks reading this blog with a number of good ideas. I took an idea from Twotime and bought Kinaxis and it has served me well. <br />If you read through Penetrator’s post on “The Great Challenge: Donville vs Penetrator” you’ll see a number of great names and in the comments section you’ll find even more names that are very interesting. If you read his article titled, “Another way to find attractive stocks”, you’ll find a methodology a lot of readers likely use in sniffing out stocks. If you read ROE vs EPS, it’ll give you an indication of timeframe and at the end of the article, a guideline of discipline in investing. <br />Go to http://www.donvillekent.com/roe-reporter.php and read Jason’s newsletters in January for a number of interesting names and how he approaches stock picking. <br />I have a significant position in CGI Group, Savaria, and have been loading up on Vermilion Energy and Badger Daylighting at these low values. I recently purchased Concordia Healthcare, Kinaxis and K-bro Linen with the pull-backs. I am currently watching Logistec Corp and Prism Medical. When I buy these names, I enter the purchase with the mentality of that unless something fundamentally changes, I’ll own these stocks for 4+ years.<br />Good luck fella!<br />Rileyhttps://www.blogger.com/profile/17597188396564633892noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-71042958339362727792016-04-08T11:37:35.483-07:002016-04-08T11:37:35.483-07:00I've had Hardwoods for about 3 years and did v...I've had Hardwoods for about 3 years and did very well with it. However, I sold in July and rolled my gains into buying some contrarian plays- CSE, TA, and more recently Rona (January) and Pengrowth (March).<br /><br />I do believe that there is further room for capital appreciation with Hardwoods for the same reasons that you described. But, personally, I always set a price target when I purchase and sell 50%-100% of my holdings if the stock hits that target. For HWD it was $18 and I saw too many buys in the market at the time. It's still on my watch list and I could put my Rona and Capstone takeover funds back into Hardwoods. I'll assess when the time arrives.Jamiehttps://www.blogger.com/profile/00633166389629891099noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-38242712428722878762016-04-08T07:51:16.774-07:002016-04-08T07:51:16.774-07:00hey guys thanks for reply and feedback.
Randomthi...hey guys thanks for reply and feedback.<br /><br />Randomthinker:<br /><br />What else do you own? I don't own anything else. Only stock holding is CXR. Bought CXR at $60 with $30,000. Currently now at net loss of near 50%.<br /><br />What is your timeframe? This may sound impatient, but the sooner the better. Just feel trapped, 9 to 5 daily grind, stuck in city, have not left country to see world yet, currently rent and prices are going up like insane so would love to at some point be able to buy,own and live in a good house, ultimately just want freedom in time, to relax and take breather and not have fear of no shelter, food and comfort in life<br /><br />What is your risk profile? Whatever it takes to be financial free without doing anything illegal or screwing anyone over<br /><br />Current net worth is $150,000. Worked years to get to this point. $30,000 held up in CXR with unfortunate current 50% loss if I sell now. Remaining $120,000 is in chequing and savings. $20,000 to be set aside as backup, emergency, savings fund. $100,000 with intention to grow it as much as possible. Goal is to try to grow $100,000 to $1,000,000 or more as soon as possible.Anonymoushttps://www.blogger.com/profile/17970296826043001044noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-45551195203629743432016-04-08T03:40:12.944-07:002016-04-08T03:40:12.944-07:00Yeah, I saw that. He had it as a top pick a few da...Yeah, I saw that. He had it as a top pick a few days after I found it via Google Finance.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-57523857927013761792016-04-08T03:38:38.674-07:002016-04-08T03:38:38.674-07:00Just read other posts from this blog, mate. You...Just read other posts from this blog, mate. You'll find your answers.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-36707327297607467752016-04-07T20:26:57.848-07:002016-04-07T20:26:57.848-07:00What else do you own?
What is your timeframe?
What...What else do you own?<br />What is your timeframe?<br />What is your risk profile?<br /><br />Randomthinkerhttps://www.blogger.com/profile/00968216182616423757noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-55019403696735014372016-04-07T20:25:21.836-07:002016-04-07T20:25:21.836-07:00Ce commentaire a été supprimé par l'auteur.Randomthinkerhttps://www.blogger.com/profile/00968216182616423757noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-85097869929411494742016-04-07T18:59:16.829-07:002016-04-07T18:59:16.829-07:00Barry Schwartz had HWD as one of his topic picks o...Barry Schwartz had HWD as one of his topic picks on March 28th and since then it is up 4.6%.Chethttps://www.blogger.com/profile/01590880449059524123noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-45969810916182062482016-04-07T11:58:58.891-07:002016-04-07T11:58:58.891-07:00Buy something that you understand. I bet you'l...Buy something that you understand. I bet you'll have problems understanding CXR and VRX if you take a look at their numbers.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-75013804128183598902016-04-07T11:46:22.731-07:002016-04-07T11:46:22.731-07:00hey guys what do you prefer between the three?
GU...hey guys what do you prefer between the three?<br /><br />GUD - Knights Therapautics<br />CXR - Concordia Healthcare<br />VRX - Valent Pharmaceuticals<br /><br />If you had $100,000 would you go all in to one of them, two, none?<br /><br />Currently in my situation i'm downclose to -50%, bought CXR at $60.<br />No current holdings in GUD or VRX<br /><br />Should one average down on CXR?<br />Ride the momentum of VRX?<br />Play it safe with GUD?<br />Keep money in cash and wait for market correction/crash?<br />Something else?<br /><br />Thanks again for time and help!<br />Anonymoushttps://www.blogger.com/profile/17970296826043001044noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-75293940229977467342016-04-07T04:04:58.205-07:002016-04-07T04:04:58.205-07:00I came across this name awhile ago when I ran one ...I came across this name awhile ago when I ran one of my scans In my TD Waterhouse account. Didn't have any money available to do anything about it at the time, but I always remembered the name. Interesting that you should highlight here. Running scans can be a useful exercise.Gavinhttps://www.blogger.com/profile/04771103734767703683noreply@blogger.com