Any long-time readers here that have long-term memories of the postings over on this website?
I’ve compiled a list of posts that I thought were exceptional pieces. Perhaps you have some additional suggestions.
Check out The Best of Divestor for this compilation and please let me know in the comments if you think anything else should be added to this list.
The best ones were the one’s that I made money on…..too many to list ; )
I’ll go with the Pinetree post and your 2016 election call. Pinetree debentures were one of my top 3 investments of all time. Your call on Trump, before he even held the nomination, blew my mind.
Just wondering if there’s anything else I wrote about that should be on the ‘best of’ post… also I wouldn’t mind compiling a ‘significant miss’ list (my obsession over Lululemon comes to mind)
Publishing the Debenture spreadsheet was my favourite posting of all time. I look at it several times a week.
Thanks, too bad the actual market is a bit of a wasteland right now…
Speaking of which….I unloaded all my SGY.DB last night my cost being $27.20.
I’ve particularly enjoyed your posts about Bombardier over the years (always spot on) and your writing about pot stocks in the heady days. A miss for me Divestor’s avoidance of clearly calling out the massive crypto “currency” fraud being perpetrated and which is increasingly likely to cause another market accident. Your willingness to step outside Divestor with debenture spreadsheet and more recently with O&G index makes Divestor stand far apart its peers.
I liked your continuing narrative on Atlantic Power and how it finally paid off . Also your insight on the Gran Columbia Gold bonds which were a very nice fixed income vehicle. Thanks again!
Yes, I agree, I did well on both.
March 25, 2020, when Divestor nailed the bottom: https://divestor.com/?p=9355. No one in their right mind at the time would have thought such a thing.
Hi Sacha – thank you for this excellent blog and apologies for posting slightly off topic. In your spreadsheet of TSX listed debt, you highlight converts approaching maturity in red. Is that meant to suggest a warning, and if so, is that due to the issuer’s ability (typically) to convert at e.g. 5% below VWAP? If the issuer were to do that, wouldn’t the investor on average make an additional quick 5%?
Hi Joanna, I shade it deep red under 0.5 years and red between 0.5 to 1.0 years simply as a reminder for me to check the firm. Most typically they rollover the debt during this time.
In practice companies rarely exercise the equity redemption option (this is not to be confused with the conversion option that holders have). Usually they do it in distressed situations and trading at such times is much less orderly. Westernone comes to mind here (years ago).
Boy that was quick! Thanks!