ST Alpha - "So for the canucks interested...If the price holds where it's at ($0.60ish), I'm going to buy 1,000 shares of Canwest in the new year and..." (Reading a Post)

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So for the canucks interested...If the price holds where it's at ($0.60ish), I'm going to buy 1,000 shares of Canwest in the new year and...

Posted by Name Withheld By Request (aka BlueKopo) Dec 8 '08, 14:16

...Register it in my Tax Free Savings Account. If I get lucky and the stock rebounds to the $4.00 mark in about five or six years (which I expect it will), that will be a tidy little capital gains tax-free endeavour.

Supposedly the P/E ratio was 0.1 when the stock was still at 0.90. In the end, I just don't see it going bankrupt. The Ottawa Citizen alone is supposedly worth more than what the entire company is trading for at the moment.

Responses:

I certainly hope they don't go under, considering my line of work, but you've always got to accept that you could lose all of that. -- nm - Reagen Dec 8, 14:19 1
- See below. I blew $60 on the NFL yesterday (stupid Jets and Pats), so what's $500 in a worse case Ontario? -- nm - Name Withheld By Request Dec 8, 14:26
Did I ever tell you the story of when I bought Iridium stock? - oblique Dec 8, 14:17 1
- Heh. - Name Withheld By Request Dec 8, 14:24

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So for the canucks interested...If the price holds where it's at ($0.60ish), I'm going to buy 1,000 shares of Canwest in the new year and...

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