tag:blogger.com,1999:blog-9031526429482744032.post3082579537411730223..comments2024-03-29T00:20:06.554-07:00Comments on Don't fuck with Donville: Rifco, now a great bargain?Penetratorhttp://www.blogger.com/profile/01670644029306203741noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-9031526429482744032.post-42655391809528713682016-01-31T10:21:39.409-08:002016-01-31T10:21:39.409-08:00I sold RFC at 1.80 at a pretty big percentage loss...I sold RFC at 1.80 at a pretty big percentage loss (small position) last year. One of the Donville picks that did not work out. But in fairness, this is Alberta dependent and hence oil dependent. Donville could not guess oil pour crater a few years back.<br /><br />To get car exposure but not depend on Alberta, I replaced RFC by EFN asi prefer to depend on US car lease business than Alberta new car financing and indirectly benefit from low CDN dollar. <br /><br />While it has not worked out yet, I will stick with this call. RFC certainly looks cheap but may have major increase in loan delinquencies going forward. I am reasonable positive on EFN still.Jon1980https://www.blogger.com/profile/17772492035466024166noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-72389075452654864362016-01-27T11:46:32.013-08:002016-01-27T11:46:32.013-08:004-5 times earnings is not such a big risk for a co...4-5 times earnings is not such a big risk for a company which is profitable and has a high ROE.Penetratorhttps://www.blogger.com/profile/01670644029306203741noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-23540651647330818422016-01-27T09:43:53.257-08:002016-01-27T09:43:53.257-08:00Alberta, BC, Ontario, Saskatchewan, Manitoba, Atla...Alberta, BC, Ontario, Saskatchewan, Manitoba, Atlantic Provinces...I'm in for 2% and looking for a Carfinco type result.Barneyhttps://www.blogger.com/profile/04872513238382124699noreply@blogger.comtag:blogger.com,1999:blog-9031526429482744032.post-59495513047221811292016-01-26T22:04:17.862-08:002016-01-26T22:04:17.862-08:00Pyves:
They operate mostly in ALberta I think. T...Pyves: <br /><br />They operate mostly in ALberta I think. That is not looking promising. 2https://www.blogger.com/profile/13342647715558501918noreply@blogger.com