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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Hello all,
Just a comment pertaining to BTI’s price movement. In their recent earnings announcement, they referenced a 6.3 Billion GBP provision for the Canadian class-action lawsuit settled - or soon to be settled. That may have some bearing on recent price action, particularly given that it could potentially portend other, similar actions/outcomes.
Cheers,
Mike
Read Answer Asked by Mike on February 20, 2025
Q: Can I get your view and prospects on Bannerman Energy Ltd. (BBNLF:US) please.
Read Answer Asked by John on February 20, 2025
Q: What are your thoughts on RRSP loans and borrowing to invest in general?
Right now I can borrow at 5.3% for an RRSP loan and can otherwise borrow at 7.4%. I think the tax and investment benefits would outweigh the borrowing costs in the case of putting it into an RRSP. In the case of a non registered account, the 7.4% hurdle rate makes it tougher. Do you have any general advice for borrowing to invest in a non registered account? And if one chooses to do so what suggestions would you make regarding allocation or options to consider? I understand this would be general advice and not personal recommendations.

Thanks very much
Read Answer Asked by Dustin on February 20, 2025
Q: In a recent response to another member you mentioned "IBKR is almost twice the size of HOOD ($99B vs. $56B market cap, respectively)".

I ended up looking into IBKR and HOOD a bit more and discovered this about IBKR:

Depending on the data platform, some list the IBKR market cap as ~$25B and others list it as ~$99B. This has to do with whether you consider both public and private shareholders counts when calculating market cap.

I learned that GAAP handles this where the non controlling interests are removed from the income statement ("less net income attributable to non-controlling interests" which was $2.652B for 2024 leaving $765B Net Income) to leave only the net income attributable to IBKR public share holders. The bigger chunk goes to IBG Holdings controlled solely by Thomas Peterffy.

Based on this I believe IBKR is half the size of HOOD, at least the portion that common shareholders attribute earnings too.

How do you think about companies structured like this?
Read Answer Asked by Michael on February 20, 2025
Q: I just took a beating on a couple of my stocks, hudbay and paramount…..if it wasn’t for the threat of tariffs I would most likely be looking at buying the dip…..I’d like to ask you about your thoughts?? Thank you
Read Answer Asked by Pat on February 19, 2025