Comments on: Market timing is half luck, half skill http://divestor.com/2010/01/20/market-timing-is-half-luck-half-skill/ Canadian Finance, Economics and Securities Analysis Wed, 09 May 2012 13:34:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Trading credit principal for quality – TFSA update - Divestor http://divestor.com/2010/01/20/market-timing-is-half-luck-half-skill/comment-page-1/#comment-5127 Trading credit principal for quality – TFSA update - Divestor Fri, 29 Oct 2010 19:01:00 +0000 http://divestor.com/?p=3364#comment-5127 [...] one of my lesser performing investments, due to a horrible entry point (the company announced some adverse news shortly after my investment), which I had an opportunity to see the writing on the wall and [...] [...] one of my lesser performing investments, due to a horrible entry point (the company announced some adverse news shortly after my investment), which I had an opportunity to see the writing on the wall and [...]

]]> By: Sacha Peter http://divestor.com/2010/01/20/market-timing-is-half-luck-half-skill/comment-page-1/#comment-3366 Sacha Peter Wed, 27 Jan 2010 18:40:12 +0000 http://divestor.com/?p=3364#comment-3366 I did look at SSI, but they appear to be more riskier at their present price. For one thing, SSI can't easily equitize their debt by virtue of having such a tiny market capitalization. You'll have to read the terms of the debenture offering and/or the annual report to figure out the seniority order, but capital leases are not usually secured by anything other than whatever is being leased itself. I did look at SSI, but they appear to be more riskier at their present price. For one thing, SSI can’t easily equitize their debt by virtue of having such a tiny market capitalization.

You’ll have to read the terms of the debenture offering and/or the annual report to figure out the seniority order, but capital leases are not usually secured by anything other than whatever is being leased itself.

]]> By: Derek http://divestor.com/2010/01/20/market-timing-is-half-luck-half-skill/comment-page-1/#comment-3365 Derek Wed, 27 Jan 2010 16:46:39 +0000 http://divestor.com/?p=3364#comment-3365 I wonder how you'd compare First Uranium debt with ssi.db. At todays bid it offers a coupon of 8.6% and around 10% appreciation till term end. They are convertible and unsecured which doesn't sound as safe? Sterling also has lease commitments which are substantial in the coming years. Any idea the heirarchy of whose paid first in a liquidation? My guess is? Current liablities Convertible debt holders Lease holders Common All this assuming of course that they also assuming they can actually get close to $40 million for the inventory they have. I wonder how you’d compare First Uranium debt with ssi.db. At todays bid it offers a coupon of 8.6% and around 10% appreciation till term end.

They are convertible and unsecured which doesn’t sound as safe? Sterling also has lease commitments which are substantial in the coming years. Any idea the heirarchy of whose paid first in a liquidation?

My guess is?

Current liablities
Convertible debt holders
Lease holders
Common

All this assuming of course that they also assuming they can actually get close to $40 million for the inventory they have.

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