While it’s funny to watch how prices on stocks, houses, cars, and everything else (especially crypto garbage) are crashing, I keep asking myself, “Where is the bottom?”
I’m basically 50% cash at the moment, and it’s burning my pocket, even with 3%+ interest rates on Savings account.
Patience is a Virtue. 😀
On a side note, I have 6 posts in Drafts, and I’m too lazy to finish them, so I’m writing this one instead…
While I’m enjoying my vacation, things are moving fast with Slate Office REIT and I barely have time to follow the news.
Lots of things have happened since my initial post on SOT.UN:
Continue reading “Slate Office REIT, it gets confusing…”
As a result of a breach of a covenant under our credit facilities in the fourth quarter, the Company entered
into a tolerance letter with its lenders in the fourth quarter, which restricts us from using the revolver portion
of the facilities, under which no amount is currently outstanding. At year-end, the Company had $38 million
of cash and cash equivalents and no amounts drawn from the revolver. Goodfood is in the process of
pursuing a revised credit facility arrangement. There can be no assurance as to such an arrangement being
put in place and in a timely manner, or the terms of such an arrangement.
Source: Goodfood Provides Strategic and Financial Update
But there is more:
As a result, we are announcing that we have or will be closing all our MFCs
and the shut down of our wider 30-minute on-demand offering.
So, apparently on-demand groceries are not in the plans for long-term growth any more.
Management was telling a completely different story at the beginning of 2022.
FOOD is left with just 2 distribution centers, C$38M in cash, and they are about to lose lots of customers.
Inflation is high, interest rates are rising… Bankruptcy is the most likely outcome for Goodfood Market.
I watched the Dark City movie not so long ago.
While the plot is so-so, imho, and has some holes and inconsistencies, the movie has this amazing noir and kind of esoteric atmosphere.
The song, performed by one of the main characters, conveys this atmosphere very well.
My first purchase of Vermilion Energy Inc. (TSX:VET, NYSE:VET) shares was in the second half of 2019 at around C$27.
I was chasing yield (whoa, 15% dividends!) and didn’t read financial reports (debt, what debt?).
Basically, I sucked at stock investments back then even more than I suck now. The timing was very bad, and COVID with lockdowns was just 8 months away.
My 15% dividends turned into 0% and the stock price dropped to as low as ~C$3 in the middle of 2020.
Continue reading “Who wants to be a Vermilionaire?”
Slate Office REIT (TSX:SOT.UN) is a dismal Real Estate company that has been happily and methodically destroying shareholders’ value since going public.
Just take a look at the stock price chart:
Continue reading “Slate Office REIT. All in on Armoyan”
Recent problem with the preloader in my games inspired me to write this small tutorial on how to make a custom OpenFL preloader.
My version works great with the current OpenFL 9.1.0 and Lime 7.9.0, so feel free to use it as you want.
Continue reading “OpenFL custom preloader”
Just added two new Solitaire games to All-in-One Solitaire.
Only the HTML5 version is updated at the moment, but I will release updates for Android and iOS soon.
While Terrace Solitaire has been in my plans for some time already, one of the players asked to add Chinese Solitaire.
Let’s hope I’ve added the right version.
Have fun! 🙂
I was randomly surfing the Internet and stumbled upon a Substack by Alex Berenson.
It seems that Alex is a big opponent of COVID vaccines and vaccines in general.
I can’t argue about vaccines, as I’m not an expert on that topic . So my opinion is as good as everybody else’s.
To be completely truthful, I’m not an expert in anything. 🙂
Continue reading “Alex Berenson, manipulation through omission”
Cascades Inc. Logo
In March 2019, I purchased Cascades Inc. (TSX:CAS) stock for the first time.
Back then, I didn’t read financial reports and was just chasing yield or buying stock because I liked the company.
In general, I was doing lots of stupid things. 🙂
The company is quite well-known; you can see the Cascades logo in lots of places: on food packaging, in public bathrooms, on cardboard boxes and etc. That was a good enough reason for me to buy their shares.
So, I’ve purchased some at a price of $8.36.
Cascades Inc. is a Canadian company. All the prices are in Canadian dollars unless otherwise specified.
Continue reading “Cascades Inc., over promise and under deliver”
It’s been a long time since the last update of All-in-One Mahjong, so I have a fresh release with 20 new layouts and 6 extra backgrounds.
There are certain layouts that turn out pretty interesting, like the Phoenix in the screenshot above, despite the fact that adding new layouts is generally a boring and monotonous process.
I’m also planning to add a Memory Mode. It will be something like a mix of Mahjong and Memory game, where you have to first find the pairs of tiles and only then match them.
Let’s hope it will be interesting to play. 😀
A quick update on this money-losing machine since my initial post about Goodfood.
In Q3 2022, I expected Goodfood Market (TSX: FOOD) to have a smaller loss (compared to Q2) and lower revenue.
Smaller loss because they fired some staff.
Smaller revenue, because they are losing subscribers.
Revenue was ~C$67M, compared to ~C$73M in Q2, which is lower.
The loss was ~C$21M, compared to ~C$22M, which somehow stayed almost the same.
Continue reading “Goodfood Market, it’s getting worse”
Bank of Canada, yay!
July 13, 2022, another Bank of Canada meeting and a huge 1.0% (cool kids say 100 basis points) Interest Rate hike.
Four rate hikes, 2.25% in total so far, and it is still 2022 on my calendar!
Must be good for your Savings Account and bad for your Mortgage…
Continue reading “Canadian Real Estate and Interest Rates”