jpmist

Timber ETFs...Without the Timber?

I was an early buyer of CUT and glad I got out. It has underperformed PCL about 20% since inception. I had a hunch that CUT was more a paper, cardboard, builders play than a forestry/real estate play. Thanks for confirming that.

Catching the Alibaba IPO: Not So Fast

Thanks for finding all that out. I also checked with e*Trade and was told of the 40 day waiting period, but never got a full explanation as to why.

I just saw on Bloomberg that Alibaba's recent quarterly earnings was about $83 million. This seems pretty meager for a company with a value, since it's IPO, of $8.5 billion. That, to me kind of takes the wind out of the Google comparisons.

I have to wonder how many Chinese manufacturers aren't already using Alibaba thus is it really going to grow exponentially as it's very high P/E suggests?

In short, e*Trade might have done us a favor keeping us out of this frenzy until the stock cools off. . .

Abu Dhabi Energy Buys PrimeWest

I find it ironic that PWI is now back up to where it traded before the Canadian Prime Minister decided to wipe out the Royalty tax advantage it had. So in that regard, the Arabs aren't really paying a premium at all.

In return for a bit more in taxes down the road, the Canadian government managed to mark down the asset value of all their Oil and Gas trusts. Doesn't seem too smart to me. . .

Abu Dhabi Energy Buys PrimeWest

I find it ironic that PWI is now back up to where it traded before the Canadian Prime Minister decided to wipe out the Royalty tax advantage it had. So in that regard, the Arabs aren't really paying a premium at all.

In return for a bit more in taxes down the road, the Canadian government managed to mark down the asset value of all their Oil and Gas trusts. Doesn't seem too smart to me. . .