Category: ~hodlstonksblyat

I love the weekend because it’s the only time of the week when I don’t lose money in the stock market.

Clean the Slate

Clean the Slate website is down at the moment, probably because of the broken SSL certificate.
Let’s hope it will be up again; otherwise, it looks suspicious.

Luckily, I have saved their presentation… twice. 🙂
And funny enough, these two versions are slightly different.
Old version: SOT Presentation
New version: SOT Presentation (11-29-2022)

The differences are:

  • Page 6 has some modifications;
  • Page 8(old), “When the Dust Settled…”, was removed;
  • Pages 22(old) / 21(new) has some differences;
  • Page 34(old) / 33(new), “Our Strategic Plan”, was changed;
  • Page 39(old), “Fishery Products International Ltd.”, was removed;

Am I too paranoid checking all these small details? 😀

Bloodbath and beyond

Well, it’s the end of the year, and I can post a quick update on stocks and finally boast about my investment achievements.
Also, must admit that this text is still written by me and not by ChatGPT, so typos and mistakes are all mine.

Let’s go.
Continue reading “Bloodbath and beyond”

Bottom fishing

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…

Goodfood, bankruptcy secured?

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.

Who wants to be a Vermilionaire?

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.

VET price chart. Source: Yahoo! Finance

Continue reading “Who wants to be a Vermilionaire?”

Cascades Inc., over promise and under deliver

Cascades Inc. logo

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”

Goodfood Market, it’s getting worse

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”

Sprott Physical Uranium Trust

And why I’m not buying it.

I was contemplating buying TSX:U.UN for some time already, but couldn’t force myself to buy a single share so far.
Since Kuppy and Doomberg (and many others) are constantly pushing it to the masses, I’ve decided to turn my gut feelings into real reasons and put them in writing.
Continue reading “Sprott Physical Uranium Trust”

Volatility

Volatility

Here you can see my tremendous skills in Photoshop and what I think about Volatility

 
Have to admit I’ve started following TheLastBearStanding long before I was able to deanonymize (is that the right word?) him.
I’ve read his The Volatility Squeeze posts, didn’t understand much, but couldn’t resist the urge to use my “knowledge”. 😀
Continue reading “Volatility”

Cracks in the foundation of TransAlta Renewables

Yeah, I’m experimenting with dramatic headlines for my posts. 🙂

I was buying and selling TSX:RNW stock a few times since 2017, but never held it for too long.
Dunno why, maybe because I have never really checked their financials and was just buying the stock for dividends.
In 2020 RNW went up a lot, which I’ve totally missed, but in 2021 things started to change.

Continue reading “Cracks in the foundation of TransAlta Renewables”