I agree it's nothing to do with DG, Connacher seems to be doing great which is why I'm still invested here. They're going to be very profitable. We're aligned with something of substance, not just pie-in-the-sky dreams.
You mentioned the auto industry; I read today that GM is even closing a plant in Ontario. It's not pretty. Demand destruction and -- can I take credit for a new idea? -- wealth destruction.
I had some strange thoughts on the drive home from work today that diverge from your position Spiderman8. I was thinking that the loans that Connacher got ahold of were actually extremely fortuitous in nature. I'm -- on a minimal scale -- in a slightly similar position in that I took some cash from my investments to make some home improvements. I'm paying that back with interest to my account and buying equities back at a cheaper price. Connacher has all this cash in hand with which they could make some opportune investments.
It's like being somewhat positioned in cash while the market crashes down around you. Not a bad position to be in. You couldn't plan better for this if you tried.
What do you think?
Best wishes to everyone in a difficult environment.
-bbq