Late Night Finance with Sacha, Episode 3
Date: Thursday, May 21
Time: 9:00pm, Pacific Time
Duration: Projected 1 hour.
Where: Zoom
Frequently Asked Questions:
Q: What are you doing?
A: I’m going to be running a TSX stock screen and doing some very rapid research on some candidates for an hour. Questions during this presentation, both on and off topic, are accepted.
Q: Why are you doing this?
A: Continuing my experimentation in video broadcasting. Who knows, I might learn something from you as well.
Q: Why so freaking late? I live in the eastern time zone.
A: It is late night finance, is it not? I might do ‘afternoon finance’ another time, but not this time.
Q: How do I register?
A: Send sacha@divestor.com an email. Subject line “Late Night Finance May 21”, and in the message body tell me what city and province/state you’re from (or if you’re international, city and country). I’ll reply later (no later than Thursday 8pm) with the zoom channel and passcode to get in.
Q: Are you trying to spam me, try to sell me garbage, etc. if I register?
A: I can hardly manage a mailing list without breaking my own website, what makes you think I will spam you? No, if you register for this, I will not harvest your email or send you any solicitations. Also I am not using this to pump and dump any securities to you, although I will certainly offer opinions on what I see.
Q: Why do I have to register? I just want to be anonymous.
A: I’m curious who you are as well.
Q: If I register and don’t show up, will you be mad at me?
A: No.
Q: Will you (Sacha) be on video (i.e. this isn’t just an audio-only stream)?
A: Yes. You’ll get to see me.
Q: Will I need to be on video?
A: I’d prefer it, and you are more than welcome to be in your pajamas. No judgements!
Q: Can I be a silent participant?
A: Yes.
Q: Is there an archive of the video I can watch later if I can’t make it?
A: No. Eventually when I figure out a good procedure I will enable this.
Q: Is there a limit to the people that can participate?
A: Zoom limits me to 100. I really hope the number isn’t higher than 10.
Q: Will there be some other video presentation in the future?
A: Yes.
A screen was discussed. TSX, debt-to-equity of 0-0.5, div yield 5%+, EPS growth 10%+, came up with 14 companies. Three were summarily reviewed: Allied Property REIT, PFB Corporation (which took the hour) and Savaria Corporation.
PFB Corp is an interesting investment idea, although i think the next couple quarters are going to be tough for them. They also have some interesting assets as pointed out here: https://mobile.twitter.com/Anodyne_Inc/status/1229890339504181248
A good writeup is here: https://bumbershootholdingsdotcom.files.wordpress.com/2020/01/bumbershoot-holdings-2020-1-jan-letter-to-partners-2019-1.pdf
I seem to recall saying that PFB Corp is obscure enough that it would seem to warrant further consideration although it by no means is a growth play – they appear very content to be in their niche and giving out dividends in accordance with their income (roughly 10x earnings at 2018 and 2019 levels). Miles away better than something like KEG.UN or one of those other royalties which always appeared to me to be much more expensive (like A&W was trading over 20x at one point – who the hell would buy into that???).