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Tuesday, August 23, 2011

New Flyer Industries Inc. (NFI) to complete its fantastic conversion

Today non-registered portfolio data were quite interesting:

Non-registered portfolio value: 106 846$
Money used on margin: 43 651.35$
Money left on margin: 15 643.72$

This is nothing very fabulous. But it’s actually what’s going on in the inside that is quite interesting. Just like expecting, K, PHS.U, PSLV and FR had gained in value, HZD had lost in value... and New Flyer had transformed itself into a real corporation. As you can see, I expected everything to go this way. The late New Flyer Industries Inc. (NFI.UN) no longer exists. A new company to the name of New Flyer Industries Inc. (NFI) had taken the place.

I am grateful to TD Waterhouse: despite the fact that I had deal with a Quebec license broker, my order to exercise my rights regarding New Flyer Industries Inc. (NFI.UN) had been executed properly, just the way I wanted. But to actually take the decision to exercise my rights wasn’t an easy decision to take for me because I barely understood what was going to be the effect. However, there was no doubt in my mind that exercising my rights was the right thing to do. I didn’t understand, but I have a sense of what I was doing.

Here we go. The facts and only the facts.

Before today conversion, my investment in New Flyer Industries Inc. (NFI.UN) worth 2 444.59$. Before the conversion, NFI.UN units worth around 7$ each. Following the conversion to the newest New Flyer Industries Inc. (NFI), NFI, now stocks, closed today session at... 0.75 cents. Is this a benefit at all? The answer being yes for the long term as my original investment in NFI.UN had duplicated into X times multiple stocks of the newest NFI. This transformation had increased the amount of stocks that I hold of NFI. So far, I had experiment a capital loss of close to 900$ with this transformation. But this is in nothing really dramatic because I am going, on the long term, get a maximum of cash from this. Believe it or not.

As far as I am concern, my investments are all made for the long term. I decided to invest in each and single of them and there always a reason behind. In case of NFI, I liked the cool name “New Flyer”, I love their fabulous bus designs. I love the fact that NFI is located in Winnipeg. When it comes to NFI.UN I love it all and the fact that my original investment made in NFI.UN had decreased in value didn’t change nothing of the appreciation. And New Flyer Industries Inc. (NFI) knows how to share the love. In September, I will be earning more than 100$ from NFI in dividend income. That’s going to be quite something. I am wishing for the same big amount on a quarterly basis. I am far of getting it all when it comes to the newest very fabulous fantastic New Flyer Industries Inc. (NFI). However, I am ready. Get ready for the dividend cash baby because I am ;0).


Anonymous said...

What's so fantastic about owning a stock that was trading over 10$ and now is trading under 1$ thanks to the reverse split. Ah well, at least it has a cool name. The next thing to be cut will be their dividend

Sunny said...

What's cool about the conversion is that it has significantly increase the amount of stocks that I hold of NFI. Also, this is a benefit for the long term.

Since I exercise my rights, I am earnings tax and dividend benefits, always for the long run.

This is a strategy for the long run, not for people who never gave a damn about NFI.

When it comes to the dividend, well, so far, it's a benefit, as I will earn close to 150$ in September. It probably be one part in in interest the other part in dividend.

I want that 150$. :0)


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