{"id":55,"date":"2006-03-23T14:24:26","date_gmt":"2006-03-23T19:24:26","guid":{"rendered":"http:\/\/www.forgetful.ca\/?p=51"},"modified":"2006-03-23T14:24:26","modified_gmt":"2006-03-23T19:24:26","slug":"no-stock-for-you","status":"publish","type":"post","link":"http:\/\/forgetful.ca\/?p=55","title":{"rendered":"No stock for you"},"content":{"rendered":"

Just got a call from our broker – we did not get Tim Horton’s stock in the IPO. Not a surprise, but a bit disappointing. It starts trading tomorrow on the TSX and NYSE, both under the ticker THI.<\/p>\n

We own some Wendy’s stock, who will remain the majority owner of Tim’s even after tomorrow’s listing. Wendy’s was cheap about a year ago, and we (along with everyone in Canada except Kris<\/a>) are frequent customers, so bought at US$32. It’s up above US$60 right now heading into the spinoff.<\/p>\n

Had we got some at CAD$27 per share, I probably would have set a sell at $33 or so, with the expectation that the furor would die down and we could re-buy them at a lower price in a few months.<\/p>\n

Let’s see if that theory proves out …<\/p>\n","protected":false},"excerpt":{"rendered":"

Just got a call from our broker – we did not get Tim Horton’s stock in the IPO. Not a surprise, but a bit disappointing. It starts trading tomorrow on the TSX and NYSE, both under the ticker THI. We own some Wendy’s stock, who will remain the majority owner of Tim’s even after tomorrow’s […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0},"categories":[30],"tags":[],"_links":{"self":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts\/55"}],"collection":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=55"}],"version-history":[{"count":0,"href":"http:\/\/forgetful.ca\/index.php?rest_route=\/wp\/v2\/posts\/55\/revisions"}],"wp:attachment":[{"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=55"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=55"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/forgetful.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}