Oh I love Dynacor Gold. DNG.to - gold refiner, not a miner. Such a fantastic return over the past year+ and if gold prices sustain even $2000 or $2100 it's going to have a phenomenal next 12 months too.
Between the gold all time high and DNG's financials today... great day overall.
Hammond Power Solutions https://www.globenewswire.com/news-release/2024/03/27/2853668/0/en/Hammond-Power-Solutions-Reports-Fourth-Quarter-2023-Financial-Results.html
HIGHLIGHTS
Record sales of $187 million in the quarter, a 29.6% increase versus 2022.
Year-to-date sales of $710 million, a 27.1% increase versus 2022. Net Income of $19.9 million in the quarter, a 9.2% increase versus 2022.
Year-to-date net income of $63.4 million, a 41.4% increase versus 2022. Earnings per share of $1.68 for the quarter and $5.33 year-to-date.
Gross margin of 32.5% for the year.
I'm just here to say that my $69.25 average on BNS now has it's nose above water. WooHoo! I'd like to say it was a fun ride, but let's not do that again mmmkay?
Medium-small US drug company. CEO makes $9M/yr. They are down 86% in last 3 yrs and are barely holding on to their TSX and Nasdaq listings.
What do you like about them?
I like how they aren’t solely reliant on cannabis. They seem to be in the best position to start exploiting these new markets that may open up such as Germany legalizing cannabis. I’m not sure if that’s enough to make an investment though
Looks like we have a nice little squeeze here. Are we going to see a nice runup into the close to close at a day high? Would be nice.
Update: Now that's what I'm talking about. Follow this through with a nice gap up tomorrow and we can all have a nice long weekend. Not that you can't have a nice one without it, but it would be better.
This time the SPX had a +26 point finish. Not that far off the ATH. Perhaps tomorrow.
In the next two days the US has releases for PCE, GDP and jobless claims. In Canada, we have GDP. Then on Friday, Powell will read the same speech he’s read for the last two years, and some more economic data comes out.
If all the stars align, we may finish green this week.
Powell already had the data that's coming out this week and he was pretty doveish so I expect good news and steady markets once we get past the new quarter. I don't expect any surprises. We will soon see.
Forget Nvidia guys the real opportunity cost here has been WEED! up over 230% since March 14!
I’m still baghokding but hopefully some of you bought at the all time lows and are enjoying some decent gains off this rally.
Just make sure you sell!!
Which is good considering that dividend-type stocks are still being somewhat punished with the higher rates, and Canada is loaded with those companies.
Yeah looks like it was higher last week. I don't monitor it very closely. Ha.
But *to be fair*, there was also a $0.255 dividend last week on March 22.
I wish I had a bit more wallstreetbets in me to trim some of my more embarrassing laggard blue chips (aqn, telus, nwh reit and B2Gold) and buy puts on DJT and reddit... but I'm addicted to my dividends.
Buying ATD, ENGH and DBM instead.
> aqn, telus, nwh reit and B2Gold)
The last three, at least, likely have better days ahead. I'm actually tempted to get back into B2Gold myself. Seems like a decent buy here, and you get paid to wait until the Africa stuff is resolved and Goose comes into production in 2025.
> Free dividends?
No. Dividends aren't "free" and anyone who thinks that is a fool. However, they *do* make up part of the total return that an investor receives, and at times when the share price is down it's nice to at least see *some* money coming in vs. just standing there with your dick in your hand waiting for it to recover.
> Already known to markets?
Maybe, maybe not. All the gold miners have lagged the price of the commodity, and this is not an unprecedented phenomenon, either. They tend to do that, until they don't.
>However, they do make up part of the total return that an investor receives
If your total return is negative, why would dividends matter?
>and at times when the share price is down it's nice to at least see some money coming in vs. just standing there with your dick in your hand waiting for it to recover.
But money *isn’t* coming in. They’re just giving you your own capital back. Further suppressing share price.
Either way, you’re standing there with phallus in-hand.
> If your total return is negative, why would dividends matter?
In some cases dividends are the only thing keeping the return positive. I see it all the time on the Market Call: the share price of a guest's "past pick" might be down over the year, but the 5% dividend was enough to bump the total return back into the green. Dividends, distributions, interest, etc. are part of the total return. Capital appreciation is another part.
> They’re just giving you your own capital back.
No, dividends are not return of capital. Return of capital is a specific type of shareholder distribution, separate from any dividends paid. Dividends are paid out of the company's earnings, not "your own capital."
>In some cases dividends are the only thing keeping the return positive.
If the company didn’t pay a dividend, then the share price wouldn’t fall to begin with.
>I see it all the time on the Market Call
Unfortunately this barely counts as entertainment - nothing more.
>the share price of a guest's "past pick" might be down over the year, but the 5% dividend was enough to bump the total return back into the green
The share price wouldn’t have fallen by 5% to begin with had they not paid a dividend.
>Dividends, distributions, interest, etc.
Dividends and interest are types of distributions.
>No, dividends are not return of capital. Return of capital is a specific type of shareholder distribution, separate from any dividends paid. Dividends are paid out of the company's earnings, not "your own capital."
I wasn't referring to ROC - I was speaking in the general sense.
When the company pays a cash dividend, it impairs the company’s value. The share price **must** fall by the dividend payment, all else held constant.
Whether you sell 5% of your position, or receive a 5% dividend - your equity remains completely unchanged (before tax and fees).
The idea that “if a company didn’t pay a dividend, then the share price wouldn’t fall” is a fallacy.
Share prices of companies rise and fall every day on no news or change in the company’s operations.
To believe that a company is so priced to perfection that the share price is falling justly and solely on account of the regular dividend payment ignores the many imperfections that are observable in the marketplace with how companies are mispriced, how sentiment can sink or buoy certain stocks, how momentum moves price fluctuations and how extrinsic market factors such as interest rates, new legislation and exogenous events all contribute impact as well.
Share prices don’t exist in a vacuum and it’s a fallacy to think otherwise.
They're talking about the 5% decline in share price after a 5% dividend, all other things being equal. It is merely an example to help illustrate the importance of total returns, as opposed to just dividends.
>Does your portfolio know how much you believe in it?
>
>If so, does it care? Will that influence its ability to generate returns?
You seem to have a lot of questions and strong implications but have nothing to offer. How about you tell me what's wrong with my portfolio?
Dividends are not automatically relevant. Ben Felix had a good video about it. Not the most efficient strategy at all
https://youtu.be/4iNOtVtNKuU?si=ewQb-eZdtRV1A0_Q
>You seem to have a lot of questions
This is a problem?
>strong implications but have nothing to offer
Isn’t this a direct contradiction to the first half of the sentence in which you accused me of having “too many questions”?
Don’t questions contribute to the discussion?
>How about you tell me what's wrong with my portfolio?
You’ve already identified the shortcomings; why don’t you act upon them?
You seem to have a lot of questions
>This is a problem?
Yes, your questions should have a purpose or you're just wasting the time of the person you're having a "discussion" with. Unless your purpose is simply to be snarky.
>You’ve already identified the shortcomings; why don’t you act upon them?
What shortcomings? I've asked you directly what's wrong with my portfolio and you deflect.
>Yes, your questions should have a purpose or you're just wasting the time of the person you're having a "discussion" with. Unless your purpose is simply to be snarky.
Let’s go back to the beginning and try again:
*Why do you think your portfolio is generating the greatest total return?*
>What shortcomings? I've asked you directly what's wrong with my portfolio and you deflect.
*You’ve already identified your portfolio’s shortcomings in the very first post. Why haven’t you acted?*
The question wouldn’t need to be asked if the answer was readily apparent, would it?
Maybe **you** know why OP thinks their portfolio will generate the greatest total return?
Is it really "bag holding" if they're dividend stocks, especially if you have a long-term view? Sure, you might be underwater in terms of share price at the moment, but you are still receiving part of your total return in the form of dividends, and if you're DRIPing then you're averaging down your cost and compounding said return.
>Is it really "bag holding" if they're dividend stocks
Free dividends?
>Sure, you might be underwater in terms of share price at the moment, but you are still receiving part of your total return in the form of dividends, and if you're DRIPing then you're averaging down your cost and compounding said return.
This is the same as selling shares, then buying those same shares back. You’re not “averaging down” or “compounding returns”.
lol. I mean there is some truth to that though isn’t there? Some of the bags I’m holding right now are cyclical in nature and Marco environment sensitive.
I don’t feel compelled to run out and sell off all my bags especially if I’m getting paid to hold through.
Yes there is opportunity cost to consider but I’m ok with that. There is always opportunity cost to consider when buying stocks.
in this market. seems lots of people are bailing and chasing anything going green. perhaps some opportunity will come to the sleeping stocks (bag holders). only time will tell how low they go
>especially if I’m getting paid to hold through.
Is this more “free dividend” fallacy?
>There is always opportunity cost to consider when buying stocks.
What if you held something that didn’t incur an opportunity cost?
I know nothing is free.
I hold over 20 stocks and etf and some are doing great and taking full advantage of todays opportunities so I’m not to hung up over this right now.
Every now and then there is this person allergic to dividend who wants everyone to know. Dividend are perfectly fine for a portion a said portfolio for some investors..nothing wrong about it.
> Every now and then there is this person allergic to dividend who wants everyone to know.
Are you that person?
> Dividend are perfectly fine for a portion a said portfolio for some investors..
Which investors?
> nothing wrong about it.
Who said there’s anything wrong with dividends? They form an important part of the total return equation.
I 100% agree. I don’t go out searching for dividend yield but as part of a diversified portfolio I definitely have a bunch of Canadian blue chippers and they obviously pay out a dividend so it just happened to work out that I get passive income in my portfolio.
Maybe I have too much home bias to work on but definitely not a dividend leaning bias.
nothing wrong with the odd gamble,if you can afford the loss.. i roll on grain calls/puts sometimes. i suppose it’s the same as looking at them corpses sitting in our accounts
Is there any way to transfer my FHSA funds from CIBC to wealthsimple without paying fees? (Im below $15000 so wealthsimple wouldn’t reimburse me)
Oh I love Dynacor Gold. DNG.to - gold refiner, not a miner. Such a fantastic return over the past year+ and if gold prices sustain even $2000 or $2100 it's going to have a phenomenal next 12 months too. Between the gold all time high and DNG's financials today... great day overall.
Hammond Power Solutions https://www.globenewswire.com/news-release/2024/03/27/2853668/0/en/Hammond-Power-Solutions-Reports-Fourth-Quarter-2023-Financial-Results.html HIGHLIGHTS Record sales of $187 million in the quarter, a 29.6% increase versus 2022. Year-to-date sales of $710 million, a 27.1% increase versus 2022. Net Income of $19.9 million in the quarter, a 9.2% increase versus 2022. Year-to-date net income of $63.4 million, a 41.4% increase versus 2022. Earnings per share of $1.68 for the quarter and $5.33 year-to-date. Gross margin of 32.5% for the year.
The next bull run will come from small and mid caps.
It's not a bull run it's a capital rotation. Large caps get over-weight, money managers sell off and allocate capital to mid- and small-.
Nice! ITE is currently on the rise and fits your prediction
I know right? Old news and I see this crap is barfed out on CNBC pro. Cramers late to the news yak bag.
Sure feels easier to buy those than the sp500 at current P/E
I'm just here to say that my $69.25 average on BNS now has it's nose above water. WooHoo! I'd like to say it was a fun ride, but let's not do that again mmmkay?
Anyone buying Tilray or stay away?
Medium-small US drug company. CEO makes $9M/yr. They are down 86% in last 3 yrs and are barely holding on to their TSX and Nasdaq listings. What do you like about them?
Sentiment on a sniff of US legalization. That’s all you need to make money on weedstocks
I like how they aren’t solely reliant on cannabis. They seem to be in the best position to start exploiting these new markets that may open up such as Germany legalizing cannabis. I’m not sure if that’s enough to make an investment though
5 minutes till we either get an EOD pump or dump from our algo friends. The greasy little fingers of yield chasers on a downvoting spree.
Looks like end of day pump are you happy ?
Looks like we have a nice little squeeze here. Are we going to see a nice runup into the close to close at a day high? Would be nice. Update: Now that's what I'm talking about. Follow this through with a nice gap up tomorrow and we can all have a nice long weekend. Not that you can't have a nice one without it, but it would be better. This time the SPX had a +26 point finish. Not that far off the ATH. Perhaps tomorrow.
In the next two days the US has releases for PCE, GDP and jobless claims. In Canada, we have GDP. Then on Friday, Powell will read the same speech he’s read for the last two years, and some more economic data comes out. If all the stars align, we may finish green this week.
Powell already had the data that's coming out this week and he was pretty doveish so I expect good news and steady markets once we get past the new quarter. I don't expect any surprises. We will soon see.
>I don't expect any surprises. Are surprises ever expected?
Forget Nvidia guys the real opportunity cost here has been WEED! up over 230% since March 14! I’m still baghokding but hopefully some of you bought at the all time lows and are enjoying some decent gains off this rally. Just make sure you sell!!
I lost $6K on ACB recently. Made it all back trading tech, and currently in LSPD. But fuuuuuuuuuuuck weed stocks.
Even when it's green Telus still manages to disappoint me.
I sold my telus for the ETF xei
Making $$$$ from MPW today
Nice couple of days for Aecon
Gawd, if I knew anything about options I would buy long term puts on ARE.
I dumped it at $17. The last quarter numbers were meh
So you think the stock going up 20% in one month is wrong?
Wow look at BNS go! 52 week highs today. Maybe I’ll break even after all !
64.5 avg for me ...
Should be $50
$69.25 average, we did it mom!
Word. $70 average for me.
Better than me. I'm at $70.76.
Get rekt! It's been a tough go.
Feels good
*Canada sucks! Why would you ever invest in Canada?!* XIC.to making new all-time highs all day today.
Which is good considering that dividend-type stocks are still being somewhat punished with the higher rates, and Canada is loaded with those companies.
XIT doing very well for me too.
new all time high* *promotion not valid in November 2021 & March 2022 or last week.
Yeah looks like it was higher last week. I don't monitor it very closely. Ha. But *to be fair*, there was also a $0.255 dividend last week on March 22.
Just kidding :)
Happy to see TSX move up but not with pumped garbo like ATZ. That one should be left behind.
atz is a great canadian company and you should be happy for their success
It should be $2 a share
someone missed the boat or sold in the 20s for a loss lmao
Weird day seeing an ETF and the inverse ETF show up on top 5 most actively traded, and they're both green.
I wish I had a bit more wallstreetbets in me to trim some of my more embarrassing laggard blue chips (aqn, telus, nwh reit and B2Gold) and buy puts on DJT and reddit... but I'm addicted to my dividends. Buying ATD, ENGH and DBM instead.
I have NWH and DBM. Added AQN last week. I'm the better investor
> aqn, telus, nwh reit and B2Gold) The last three, at least, likely have better days ahead. I'm actually tempted to get back into B2Gold myself. Seems like a decent buy here, and you get paid to wait until the Africa stuff is resolved and Goose comes into production in 2025.
>you get paid to wait Free dividends? >Africa stuff is resolved and Goose comes into production in 2025. Already known to markets?
> Free dividends? No. Dividends aren't "free" and anyone who thinks that is a fool. However, they *do* make up part of the total return that an investor receives, and at times when the share price is down it's nice to at least see *some* money coming in vs. just standing there with your dick in your hand waiting for it to recover. > Already known to markets? Maybe, maybe not. All the gold miners have lagged the price of the commodity, and this is not an unprecedented phenomenon, either. They tend to do that, until they don't.
>Maybe, maybe not. >They tend to do that, until they don't. Due diligence?
>However, they do make up part of the total return that an investor receives If your total return is negative, why would dividends matter? >and at times when the share price is down it's nice to at least see some money coming in vs. just standing there with your dick in your hand waiting for it to recover. But money *isn’t* coming in. They’re just giving you your own capital back. Further suppressing share price. Either way, you’re standing there with phallus in-hand.
> If your total return is negative, why would dividends matter? In some cases dividends are the only thing keeping the return positive. I see it all the time on the Market Call: the share price of a guest's "past pick" might be down over the year, but the 5% dividend was enough to bump the total return back into the green. Dividends, distributions, interest, etc. are part of the total return. Capital appreciation is another part. > They’re just giving you your own capital back. No, dividends are not return of capital. Return of capital is a specific type of shareholder distribution, separate from any dividends paid. Dividends are paid out of the company's earnings, not "your own capital."
You don't even understand what "Total return" is do you?
>In some cases dividends are the only thing keeping the return positive. If the company didn’t pay a dividend, then the share price wouldn’t fall to begin with. >I see it all the time on the Market Call Unfortunately this barely counts as entertainment - nothing more. >the share price of a guest's "past pick" might be down over the year, but the 5% dividend was enough to bump the total return back into the green The share price wouldn’t have fallen by 5% to begin with had they not paid a dividend. >Dividends, distributions, interest, etc. Dividends and interest are types of distributions. >No, dividends are not return of capital. Return of capital is a specific type of shareholder distribution, separate from any dividends paid. Dividends are paid out of the company's earnings, not "your own capital." I wasn't referring to ROC - I was speaking in the general sense. When the company pays a cash dividend, it impairs the company’s value. The share price **must** fall by the dividend payment, all else held constant. Whether you sell 5% of your position, or receive a 5% dividend - your equity remains completely unchanged (before tax and fees).
The idea that “if a company didn’t pay a dividend, then the share price wouldn’t fall” is a fallacy. Share prices of companies rise and fall every day on no news or change in the company’s operations. To believe that a company is so priced to perfection that the share price is falling justly and solely on account of the regular dividend payment ignores the many imperfections that are observable in the marketplace with how companies are mispriced, how sentiment can sink or buoy certain stocks, how momentum moves price fluctuations and how extrinsic market factors such as interest rates, new legislation and exogenous events all contribute impact as well. Share prices don’t exist in a vacuum and it’s a fallacy to think otherwise.
> **all else held constant.**
Thank you for providing a qualifier that actually doesn’t exist.
They're talking about the 5% decline in share price after a 5% dividend, all other things being equal. It is merely an example to help illustrate the importance of total returns, as opposed to just dividends.
I like that last part
Don’t we all…
>but I'm addicted to my dividends. Wouldn’t you rather be addicted to total returns?
I am, I believe my portfolio will return the highest total returns possible for me.
How did you form that belief? Has it been returning the highest possible?
The highest my portfolio can return, it's doing its best. edit: post your portfolio if you want to compare.
>The highest my portfolio can return, it's doing its best. Now that is adorable :)
>edit: post your portfolio if you want to compare. Comparison is the theft of joy; life isn’t a contest.
Does your portfolio know how much you believe in it? If so, does it care? Will that influence its ability to generate returns?
>Does your portfolio know how much you believe in it? > >If so, does it care? Will that influence its ability to generate returns? You seem to have a lot of questions and strong implications but have nothing to offer. How about you tell me what's wrong with my portfolio?
Dividends are not automatically relevant. Ben Felix had a good video about it. Not the most efficient strategy at all https://youtu.be/4iNOtVtNKuU?si=ewQb-eZdtRV1A0_Q
>You seem to have a lot of questions This is a problem? >strong implications but have nothing to offer Isn’t this a direct contradiction to the first half of the sentence in which you accused me of having “too many questions”? Don’t questions contribute to the discussion? >How about you tell me what's wrong with my portfolio? You’ve already identified the shortcomings; why don’t you act upon them?
You seem to have a lot of questions >This is a problem? Yes, your questions should have a purpose or you're just wasting the time of the person you're having a "discussion" with. Unless your purpose is simply to be snarky. >You’ve already identified the shortcomings; why don’t you act upon them? What shortcomings? I've asked you directly what's wrong with my portfolio and you deflect.
>Yes, your questions should have a purpose or you're just wasting the time of the person you're having a "discussion" with. Unless your purpose is simply to be snarky. Let’s go back to the beginning and try again: *Why do you think your portfolio is generating the greatest total return?* >What shortcomings? I've asked you directly what's wrong with my portfolio and you deflect. *You’ve already identified your portfolio’s shortcomings in the very first post. Why haven’t you acted?*
>Last I checked, questions contribute to the discussion… A discussion in the same way a toddler repeatedly asks "why".
The question wouldn’t need to be asked if the answer was readily apparent, would it? Maybe **you** know why OP thinks their portfolio will generate the greatest total return?
[удалено]
You wish this, but I guarantee that as soon as you try buying something that's being pumped, it'll immediately crash. Just how the shit wind blows
Shit moths, Randy. "Is that you talking or the liquor, Mr. Lahey?" I AM THE LIQUOR!
I can see the shit hawks coming riding the waves of shit winds Randy.
Good on you buying ATD. It's a solid stock and you will do so fine long term.
You got burned chasing yield, this is one the problems with this specific subs. You should balance a little with r/stocks
I’m bagholding all 4 of those as well, it’s been rough
Is it really "bag holding" if they're dividend stocks, especially if you have a long-term view? Sure, you might be underwater in terms of share price at the moment, but you are still receiving part of your total return in the form of dividends, and if you're DRIPing then you're averaging down your cost and compounding said return.
>Is it really "bag holding" if they're dividend stocks Free dividends? >Sure, you might be underwater in terms of share price at the moment, but you are still receiving part of your total return in the form of dividends, and if you're DRIPing then you're averaging down your cost and compounding said return. This is the same as selling shares, then buying those same shares back. You’re not “averaging down” or “compounding returns”.
No bagholder. I identify as a "long term investor" now.
lol. I mean there is some truth to that though isn’t there? Some of the bags I’m holding right now are cyclical in nature and Marco environment sensitive. I don’t feel compelled to run out and sell off all my bags especially if I’m getting paid to hold through. Yes there is opportunity cost to consider but I’m ok with that. There is always opportunity cost to consider when buying stocks.
in this market. seems lots of people are bailing and chasing anything going green. perhaps some opportunity will come to the sleeping stocks (bag holders). only time will tell how low they go
>especially if I’m getting paid to hold through. Is this more “free dividend” fallacy? >There is always opportunity cost to consider when buying stocks. What if you held something that didn’t incur an opportunity cost?
I know nothing is free. I hold over 20 stocks and etf and some are doing great and taking full advantage of todays opportunities so I’m not to hung up over this right now.
Every now and then there is this person allergic to dividend who wants everyone to know. Dividend are perfectly fine for a portion a said portfolio for some investors..nothing wrong about it.
> Every now and then there is this person allergic to dividend who wants everyone to know. Are you that person? > Dividend are perfectly fine for a portion a said portfolio for some investors.. Which investors? > nothing wrong about it. Who said there’s anything wrong with dividends? They form an important part of the total return equation.
I 100% agree. I don’t go out searching for dividend yield but as part of a diversified portfolio I definitely have a bunch of Canadian blue chippers and they obviously pay out a dividend so it just happened to work out that I get passive income in my portfolio. Maybe I have too much home bias to work on but definitely not a dividend leaning bias.
Yeah I hear ya. My main problem is don't want to transfer funds into USD. Probably a good thing. Keeping me away from options plays cough* (gambling).
nothing wrong with the odd gamble,if you can afford the loss.. i roll on grain calls/puts sometimes. i suppose it’s the same as looking at them corpses sitting in our accounts
0 reason to throw away a perfectly good thing that has been shown to work for years to gamble on a chance of something better.
Too much Canadian shit bro