15 Comments
Jan 8, 2023Liked by Dave Waters

In 2012-2013, something changed for Logistec and the stock price shoot up x 4 / x 5; where it has been roughly rangebound ever since. What was that?

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Dec 30, 2022Liked by Dave Waters

Nice piece! I came out of 2022 up 21% (close to $1 million), in part because of my investments in Canadian companies like Journey Energy, CES Energy Solutions, InPlay Oil, Hammond Power Solutions, Supremex, and Obsidian Energy. I also had some nice returns in US and European stocks, including XTB in Poland and RCM Technologies in the US, but Canada has been very good to me. My prime Canadian bets right now are Hammond, Supremex, Total Energy Services, and Step Energy Services, but I'm also invested in Data Communications Management, Cipher Pharmaceuticals, Titanium Transportation, Hemisphere Energy, Currency Exchange International, Calfrac Well Services, Itafos, Alvopetro Energy, Black Diamond, Taiga Building Products, PHX Energy Services, Pine Cliff Energy, Trican Well Service, Major Drilling, Shawcor, and Chemtrade Logistics. Rich pickings!

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Dec 31, 2022Liked by Dave Waters

I really appreciate your ideas and writing, truly excellent. By the way, the PFIC dilemma can be solved (for US taxpayers) by buying PFICs in a tax-exempt account, IRA, etc. It used to be that all PFIC owners had to file regardless, but that rule was suspended some years ago. A google search can quickly verify this.

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Dec 31, 2022Liked by Dave Waters

Thanks as always for your interesting write-ups. Any idea how a PFIC is treated in retirement accounts?

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Great Ideas.

I like Melcor in Alberta real estate at a discount.

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Dec 31, 2022Liked by Dave Waters

Thanks Dave and Happy New Year.

My favorite thing about Canada is that every company, even small Venture exchange companies with market caps of 5-10 million (Canadian) file a complete complement of required filings on SEDAR. They do so without complaining about taking too much of management's time, concerns regarding competitors seeing their results, remarks that the cost it too prohibitive, etc. All the 'reasons' why the US has thousands of companies in Expert Market and Pink Limited/Current. If Canadian companies can do it steadily and without breaking the bank, US companies should be required to do the same. The SEC pretends to be playing hard ball but they aren't, the Canadians do it better. If your shares trade publicly you must complete these documents, that's all, no discussion, just do it.

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Happy New Year's, Dave!

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Evertz Technologies. World leader, high ROE, no debt, owner operators...

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Have you ever looked at ECN ($ECN.TO) ?

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