Embedded Optionality | FRMO Case Study

When people talk about the Quality of Earnings, what they usually mean is how well do current earnings predict future earnings. This is, literally, the textbook definition of earnings quality. The problem with this definition, however, is that it favours the stability of earnings above anything else.  What if, as an example, a future stream … Continue reading Embedded Optionality | FRMO Case Study

Dundee Corporation | A Race to the Bottom

Dundee Corporation (TSE: DC.A) is a Toronto based diversified holding company with investments in wealth management, resources, agriculture and real estate. Dundee Corporation is a public Canadian independent holding company, listed on the Toronto Stock Exchange under the symbol DC.A. Under the leadership of its founder, Ned Goodman, Dundee Corporation had enjoyed an illustrious history of … Continue reading Dundee Corporation | A Race to the Bottom