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Justfactsmam

02/01/15 3:39 PM

#17081 RE: esad1 #17076

esad...how is buying ANY with $CAD cheap...they have to buy in $US!... They have to spend $ 1.25CAD to buy $1US of ANY...

...there is no free ride here...perhaps if $CAD would continue to fall thereafter they would have a currency hedge with ANY...but "it an't cheap"

if a Canadian holder of ANY sold...now...they would be picking up 20% (or not losing the 20% they would have lost on holding Canadian cash vs dollar)
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blueblizzy

02/01/15 11:54 PM

#17095 RE: esad1 #17076

Yeah the thing is you can't buy ANY in CAD dollars anymore. You have to convert CAD to USD first. I think you got your currency conversions mixed up.

Source: I'm Canadian
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slyestjester

02/02/15 2:27 AM

#17098 RE: esad1 #17076

"The stock is at a low as is the currency. ANY ins $CAD terms is extremely cheap."

So you are saying the Cad $ is positioned more strongly now than it should be vis a vis the US$?