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Magna to form joint venture with LG Electronics to build electric car components

December 23, 2020

Shares of Magna International Inc. jumped higher in early trading after the company announced a deal with LG Electronics to create a joint venture to build components for electric cars.

Shares in the Canadian auto parts company were up $6.92 or about eight per cent at $92.59 on the Toronto Stock Exchange.

Magna said Tuesday the venture will manufacture e-motors, inverters and on board chargers and, for certain automakers, related e-drive systems.

ca.finance.yahoo.com

Magna to form joint venture with LG Electronics to build electric car components

Shares of auto parts manufacturer Magna International Inc. hit an all-time high on Wednesday after the company announced a deal with LG Electronics to create a joint venture to build components for electric cars.The new venture, which will manufacture electric motors, inverters and on-board...
ca.finance.yahoo.com ca.finance.yahoo.com
 
A small handful of ETFs, self-directed. Long-term. Throw money at it, don't touch it. Passive investing.....as in don't touch the money. It WILL grow.

Anything else is gambling, which I also do at the casinos, but with much, much smaller amounts of money.

It's quite simple. Legit just the top line of this post.

Recommend reading: Quit Like A Millionaire by Kristy Shen and Bryce Leung


ETFs you want to look at: Broad funds holding seperately, US equities, Canadian equities, and other equities. That's it. I went wild and added a REIT ETF but I wouldn't recommend that. I'm just a bit mental.
Check the MER*...Vanguard funds are decent. BMO has some alright ones as well.

I recommend using Questrade. Lowest fees. Decent UI.

Super simple game here, folks.


*--Management Expense Ratio.....expressed as a percentage of earnings stolen** from you! This, coupled with inflation holds back your gains.

**--Ok, fine, the fund managers need to make their money somehow and it's not actually theft or fraud....but the MER of mutual funds IS fraud AND theft.

Which reminds me: mutual funds are generally bad for your money. ETFs are generally good (but usually this only applies to broad-based market-tracking funds with low MERs.
 
SunriseChampion said:
CAD to become dearer....as in, less CAD/USD

Of course, that's a bet, like any forecast in the financial market.
Click to expand...

On what time scale do you reckon? Seems like the CAD will be strong through Jan and Feb as OPEC refused production cuts which will bolster oil prices and by extension the Canadian Peso.
 
Undead said:
On what time scale do you reckon? Seems like the CAD will be strong through Jan and Feb as OPEC refused production cuts which will bolster oil prices and by extension the Canadian Peso.
Click to expand...

How will a refusal to cut production drive up oil prices? It will increase supply, driving prices down. In any case....they've agreed to a production cut.

Also...I think CAD will increase in value through the year.
 
I mistyped. They agreed to cut production. Which should increase oil prices. Unless demand weakens disproportionately. If it doesn't, than the CAD will strengthen.
 

Circle K Owner in Talks to Buy Carrefour for About $20 Billion​


Jan 13, 2021

Alimentation Couche-Tard Inc., the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly $20 billion deal that would create a trans-Atlantic retail giant.

Couche-Tard’s initial proposal values the French company at about 20 euros per share, people with knowledge of the matter said. That would represent a roughly 29% premium to its Tuesday closing price.

Shares of Carrefour rose 14% in Paris on Wednesday, trading shy of 18 euros. Couche-Tard slipped 2.2% after a Bloomberg report on the talks, valuing the company at almost C$46 billion ($36 billion).

Couche-Tard confirmed Tuesday that it has started “exploratory discussions” on a friendly deal with Carrefour. There’s no certainty the talks will lead to a transaction, the Quebec-based company said. Both parties see room for negotiation on the final price, according to people familiar with the situation.

ca.finance.yahoo.com

Circle K Owner in Talks to Buy Carrefour for About $20 Billion

(Bloomberg) -- Alimentation Couche-Tard Inc., the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly $20 billion deal that would create a trans-Atlantic retail giant.Couche-Tard’s initial proposal values the French company at about...
ca.finance.yahoo.com ca.finance.yahoo.com
 
AlbertC said:

Circle K Owner in Talks to Buy Carrefour for About $20 Billion​


Jan 13, 2021

Alimentation Couche-Tard Inc., the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly $20 billion deal that would create a trans-Atlantic retail giant.

Couche-Tard’s initial proposal values the French company at about 20 euros per share, people with knowledge of the matter said. That would represent a roughly 29% premium to its Tuesday closing price.

Shares of Carrefour rose 14% in Paris on Wednesday, trading shy of 18 euros. Couche-Tard slipped 2.2% after a Bloomberg report on the talks, valuing the company at almost C$46 billion ($36 billion).

Couche-Tard confirmed Tuesday that it has started “exploratory discussions” on a friendly deal with Carrefour. There’s no certainty the talks will lead to a transaction, the Quebec-based company said. Both parties see room for negotiation on the final price, according to people familiar with the situation.

ca.finance.yahoo.com

Circle K Owner in Talks to Buy Carrefour for About $20 Billion

(Bloomberg) -- Alimentation Couche-Tard Inc., the Canadian owner of Circle K convenience stores, is exploring a takeover of French grocer Carrefour SA in a roughly $20 billion deal that would create a trans-Atlantic retail giant.Couche-Tard’s initial proposal values the French company at about...
ca.finance.yahoo.com ca.finance.yahoo.com
Click to expand...

I'm not sure about this strategy.

Couche-Tard has no experience in full-line grocery.

They're very good at what they do now; this would be a different line of business.

Even when one stays in one's core business its possible to get burned.

Couche-Tard substantially exited China after not being able to make things work there.

Different markets/business climates make for challenges at times.
 
Northern Light said:
I'm not sure about this strategy.

Couche-Tard has no experience in full-line grocery.

They're very good at what they do now; this would be a different line of business.

Even when one stays in one's core business its possible to get burned.

Couche-Tard substantially exited China after not being able to make things work there.

Different markets/business climates make for challenges at times.
Click to expand...

They could just leave it as a subsidiary, management intact, etc.

I don't see this as being Target in Canada, if you know what I mean.
 
Well that was short-lived. France's government oppose foreign takeover of Carrefour "as the country's food sovereignty is at stake."

ca.finance.yahoo.com

France opposes foreign takeover offer for supermarket chain

PARIS — France's government says it opposes the proposed 16.2 billion-euro ($19.6 billion) takeover of French supermarket chain Carrefour by Canadian convenience store group Couche-Tard.Labor Minister Elisabeth Borne said Thursday on radio Europe 1 that she is “opposed to a takeover." That...
ca.finance.yahoo.com ca.finance.yahoo.com
 
AlbertC said:
Well that was short-lived. France's government oppose foreign takeover of Carrefour "as the country's food sovereignty is at stake."

ca.finance.yahoo.com

France opposes foreign takeover offer for supermarket chain

PARIS — France's government says it opposes the proposed 16.2 billion-euro ($19.6 billion) takeover of French supermarket chain Carrefour by Canadian convenience store group Couche-Tard.Labor Minister Elisabeth Borne said Thursday on radio Europe 1 that she is “opposed to a takeover." That...
ca.finance.yahoo.com ca.finance.yahoo.com
Click to expand...

Lolwut.

That's a bit much, but whatever.

How is France's food sovereignty at stake?

Carrefour isn't a producer. I mean, I know they have their house branded stuff, but they need not.
 
...and never mind my comments about it becoming a subsidiary. Apparently this was a sort of merger set up.
 
So here's a local stock that I think has lots of potential: Recipe Unlimited. Reason I think this is they have a concept that could be the future of takeout - basically several restaurants in one location. It's called Ultimate Kitchens and has Swiss Chalet, Harveys, East Side Mario's, New York Fries, etc. With so many mom and pop places closing, and RECP planning a big expansion of the Ultimate Kitchens concept across Canada in the next year, the stock could have liftoff. I think at least.

Now I'm not a stock guy. Can be a gamble even for those well versed. Another interesting one I had for years is Rock Tech Lithium. Did squat like most Canadian mining stocks. Turns out it's building some unique refinery in Europe and has a mine in Ontario in the works. Oh right, and Billionaires like Thiel and Angermayer bought in big (<-although reported in Bloomberg this tidbit isn't even being released by the company yet lol). Forever below a buck now over 6 and climbing.
 
Stocks are gambling.

Legit may as well be at the casino....in fact, the casino is way more fun than trading individual stocks.
 
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