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G2S2 Capital Inc. Announces Investment in Cominar Real Estate Investment Trust – Canada NewsWire

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MONTRÉAL, Oct. 28, 2020 /CNW/ – G2S2 Capital Inc. (“G2S2”) announces today that it has increased its ownership of trust units (“Units”) of Cominar Real Estate Investment Trust (“Cominar”) to over 10% of Cominar’s outstanding Units.  

On October 28, 2020, G2S2 acquired 600,000 Units of Cominar through the facilities of the Chi-X alternative trading system at a price of CDN$7.30 per Unit (the “Acquisition”), representing approximately 0.34% of the outstanding Units.  Prior to the Acquisition, G2S2 owned and exercised control over an aggregate of 18,245,100 Units of Cominar, representing approximately 9.99% of the outstanding Units. Immediately after the Acquisition, G2S2 owns and exercises control over an aggregate of 18,845,100 Units of Cominar, representing 10.33% of the outstanding Units.

G2S2 acquired the Units for investment purposes. G2S2 may, from time to time, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over Units of Cominar through market transactions, private agreements, or otherwise.

In accordance with National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, G2S2 has filed an early warning report regarding these transactions on the System for Electronic Document Analysis and Review (SEDAR) at www.sedar.com under Cominar’s issuer profile. Cominar’s head office is located at 2820 Laurier Blvd., suite 850 Quebec City, Québec G1V 0C1.

About G2S2

G2S2 Capital Inc. is a privately held investment holding company focused on creating value across a variety of businesses with a long term horizon. G2S2 is incorporated under the laws of Canada. G2S2 is controlled
by George & Simé Armoyan.

SOURCE G2S2 Capital Inc.

For further information: or to obtain a copy of the early warning report, please contact George Armoyan, Executive Chairman of G2S2 at 514-333-8800, extension 1925.

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Vegan Investment Fund Goes Public in Canada – VegNews

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Vancouver-based Eat Beyond Global Holdings—the first investment issuer in Canada focused on the global plant-based and alternative food sector—recently began trading on the Canadian Securities Exchange (CSE) under the symbol “EATS.” Eat Beyond identifies and makes equity investments in global companies in the sector, which includes plant-based proteins, fermented proteins, cultured proteins, food technology, and consumer packaged goods as well as cellular agriculture and other experimental projects. 

“We created Eat Beyond to make it easy to invest in the future of food and provide retail investors with access to the very best companies in the sector,” Patrick Morris, CEO of Eat Beyond, said. “The space has seen enormous interest from the market for brands such as Beyond Meat, but that was really just the tip of the iceberg. The diverse range of innovation taking place in this sector is staggering.”

Investing in the future of food

Eat Beyond aims to provide retail investors with the opportunity to invest in the growth of innovative plant-based and alternative food companies. Its current portfolio includes The Very Good Food Company (parent company of The Very Good Butchers), Eat JUST Inc. (the maker of JUST Egg), TurtleTree Pte. Ltd. (a cell-based food tech company focused on disrupting the global dairy industry), Nabati Foods Inc. (maker of vegan chocolate, desserts, and cheese), SingCell Tx Pte Ltd (a clean meat manufacturing platform in Singapore), Good Natured (a producer of eco-friendly, plant-based food packaging), and Greenspace Brands Inc. (owner of the Love Child brand).

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Why Bitcoin Is the Best Investment Opportunity Post-Pandemic. Here’s What Will Drive the Price Higher. – Barron's

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Niall Ferguson


Kiyoshi Ota/Bloomberg

NIALL FERGUSON

Senior Fellow, Hoover Institution,

Stanford University

Palo Alto, Calif.

Niall Ferguson, 56, is one of the world’s leading historians, a prolific author, and creator of the TV series The Ascent of Money, which won an International Emmy award. His new book, DOOM: The Politics of Catastrophe, will be published next spring. He is also working on the second volume of his biography of Henry Kissinger. Born in Scotland, Ferguson is now a senior fellow at the Hoover Institution at Stanford University, and founder of Greenmantle, a macroeconomic and geopolitical advisory firm.

Barron’s: What will be the best investment opportunity coming out of the pandemic?

Niall Ferguson: I’m going to go with Bitcoin. It has had a stellar year, up 165% year to date. [It’s now above $19,000.] If, at the beginning of the year, you had said, “The pandemic is coming. It’s going to be very disruptive. Should I choose gold or Bitcoin?” you would have been right to choose Bitcoin because gold is only up 21%. So Bitcoin returns have been an order of magnitude higher.

Why has that happened?

In a pandemic, financial history can be accelerated. We’ve seen that in just the same way that the use of coins as money was accelerated by the Black Death. Payments in kind were yielding to a cash economy in Europe, and this was accelerated in the 1340s. The acceptance of Bitcoin as a digital asset, a quasi-digital gold, has been accelerated by this pandemic. Almost every month, some major figure in the mainstream investment world has said, “OK, now I’ll take Bitcoin seriously.” This process of institutional adoption has further to run.

Many remain cautious or outright bearish on Bitcoin.

You could argue, if you were a skeptic like my old friend Nouriel Roubini, that this is just another bubble. But the adoption of a new financial technology tends to be quite volatile, and each time Bitcoin rallies and then folds, it folds to a higher level than the time before. So you could probably take a little bit of downside risk, but hold Bitcoin for a year to five years and feel pretty good about it.

What might drive Bitcoin higher?

In a new edition of my book, The Ascent of Money, two years ago, I observed that if all the millionaires in the world collectively decided to hold 0.2% of their assets in Bitcoin, the Bitcoin price would be $15,000, which it reached this year. If it was 1%, then the price would be $75,000 per Bitcoin. So, as people adopt this as a new form of asset that has a respectable place in a diversified portfolio, there is still quite a bit of upside.

There are about 18.5 million Bitcoins outstanding, and the total amount is capped at 21 million. That values Bitcoin at $350 billion now, versus about $10 trillion for all the world’s gold. What makes Bitcoin distinctive?

Bitcoin is the only digital asset or token that has scarcity built in. Everything in the internet is defined by a superabundance; Bitcoin is the exception.



PayPal Holdings

[ticker: PYPL] and others are allowing people to use Bitcoin to buy stuff. Will that help?

I don’t think Bitcoin is for buying things at

Starbucks.

It’s a peculiar form of asset, and isn’t highly correlated to other assets. A friend told me to think of Bitcoin as an option on digital gold. I like that formulation, because it has behaved kind of like that. So, I don’t think PayPal is the cure. It is more that, if every millionaire is adding a little bit of Bitcoin, that has a lot of power to bid the price up.

How hard is it to buy and hold Bitcoin?

It’s getting easier. Coinbase, for instance, has made it very easy to trade cryptocurrencies, but quite expensive each time you transact. That will change over time. That again is typical of an early stage of a financial innovation.

What are some key policy issues the U.S. will face in a post-Covid world?

On foreign policy, China is the big issue. The Biden administration can’t simply turn the clock back to 2016 and revert to the late Obama years when the U.S. essentially acquiesced to China’s rise. That is the main challenge for Biden, whose instincts are not especially hawkish on China. But his foreign-policy team will be telling him to stay tough, because public sentiment has changed.

Also, the pandemic revealed that our bureaucracy generally has become sclerotic. You can blame the poor response to Covid on President Trump if you like, but it wasn’t all his fault. The Centers for Disease Control and Prevention completely screwed up testing; HHS [the U.S. Department of Health and Human Services] was clueless about the nature of the challenge it faced. And state governments, not least New York, did abysmally, too. So, the question I would put to Biden’s team is, if that’s how we fail at the pandemic, what other disasters could we fail at on your watch? It isn’t likely that the next disaster will be another pandemic. History never works that way. So, there is a general problem at both the federal and state level. We have dysfunctional bureaucracies, and they don’t handle crises well. This isn’t peculiar to a pandemic. Look back over the past 20 years to [Hurricane] Katrina or even 9/11.

Will fixing the problem require more money or a different approach?

It is definitely not more money. It is about the incentives within the public sector and the curious ways in which federal agencies grow larger and more bureaucratic. Other countries don’t seem to suffer to the same extent. Germany is better run than the U.S., and Taiwan is far better run than the U.S. We need to recognize that there is something wrong in the state of our government.

What can we learn from Taiwan or South Korea?

If you are a government or a country that has reason to be paranoid, whether you are Taiwan next to the People’s Republic of China or South Korea next to North Korea, you are generally anti-fragile. This is a term from Nassim Taleb [the author of The Black Swan]. You are on the lookout for trouble without necessarily putting all your eggs in one basket of preparedness. The flexibility of the Taiwanese and South Korean response tells you something about the way they are set up, with a sort of built-in insecurity. But if you are the No. 1 superpower, you can get complacent about risks. The challenge for any new administration is to try to get away from highly detailed regulatory solutions to problems, which fill pages and pages of the federal register, and instead have a more responsive, flexible attitude toward the multitude of potential crises that we face.

Where would you most like to go when the pandemic ends?

The pandemic has made big cities hazardous places, and I’ve spent most of this year in a rural backwater. So, the place I’d most want to go is London because two of my children live there and I haven’t seen them since February. Also, because I just love the idea of being in a crowded pub in London, preferably just before an Arsenal game at Emirates [the Arsenal soccer club’s home stadium in London], surrounded by fellow Arsenal fans, having a pint and not worrying when somebody coughs in my face. That’s what I am really looking forward to.

Thanks, Niall.

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Share your thoughts on the post-pandemic world: What do you think will be the greatest investment opportunity post-Covid? What will be the most important public policy issue that the U.S. will face? Where would you most like to visit once the virus is no longer a threat to travel? Click here to share your thoughts with us.

Write to Andrew Bary at andrew.bary@barrons.com

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This Investment Trend Will Deliver A Profit Bonanza In 2021 – Forbes

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What exactly are we to do in this levitating market? Buy more? Pull back? Do nothing?

I get why most folks are uneasy these days—they’re seeing the stock market, and particularly tech stocks, heading into the stratosphere, while the economy that supports them is a mess. Stocks can’t hang in midair forever, the thinking goes. Eventually they’ll plunge to earth.

A (Pleasant) Surprise in a Lousy Year

Don’t buy this argument. Because in the weird market we’re in, stocks can not only hover but actually rip higher and hand us growing dividends, too. Let me show you what I mean, starting with the economy.

Sure, GDP cratered 34.3% in the lockdown-riddled second quarter, but it rebounded 38% in the third quarter to get back to near its pre-crisis level. Still, our economy is still behind, so shouldn’t stocks be behind as well?

Remember that stocks are forward looking—they’re not priced based on present earnings but future earnings growth. And since the first half of 2020 saw some shocking earnings declines due to the lockdown, the strong implication here is that the first half of 2021 will see tremendous earnings growth just because the comparables are so low, never mind the effect that three (and possibly more) vaccines in the coming months will have on consumer spending.

From Travel to E-Commerce—and Back Again?

What’s more, consumer spending has reshuffled, giving more support to both the S&P 500 and the tech sector than most investors believe.

When you dive into the third-quarter data, you see that earnings declines are mostly concentrated where you’d expect them: in the travel and leisure sectors. But it’s important to remember that travel-spending declines are destined to be short-lived. When vaccines are out and people can travel again, pent-up demand will spur earnings in the sector.

Now, if we saw a massive growth in travel-related stocks before those higher earnings were released, you could say this sector has gotten out of hand. But in reality, that’s not the case.

The airline-industry-focused US Global Jets ETF (JETS)

JETS
,
which holds major carriers like Delta Air Lines (DAL

DAL
), Southwest Airlines

LUV
(LUV)
and JetBlue Airways

JBLU
(JBLU),
remains behind the broader market. This shows that investors are waiting for clearer evidence of the big earnings boost a return to travel will provide. But this doesn’t mean it’s time to run out and buy JETS—or load up on any travel-related stocks, because any profit gains in that sector will likely be tempered.

In theory, it makes sense that you’d see a shift of discretionary spending from e-commerce to travel as soon as people aren’t stuck in the house anymore. But this implies that a big driver of the e-commerce shift has been vacation money that people simply redirected to online purchases. But there’s more to this story.

More Than Travel Goes Online

E-commerce data shows a steady shift in spending from offline to online until COVID-19, when that trend accelerated. People who had bought little to nothing online were now buying groceries through the web. The Internet had become a place to buy essentials, not just discretionary goods.

The pace of this spending growth is essential to understanding how durable this trend is. Since the 32% jump in online spending began at the start of the shutdown, and with that spending staying high throughout the third quarter, we can see that the increase wasn’t driven by discretionary spending (or it would have shown up later), and it wasn’t driven solely by one-time panic buying of essentials (or it wouldn’t have lasted into the third quarter).

In other words, Americans’ pivot to e-commerce will likely continue, which justifies the tech sector’s big gains for 2020 (since those companies are largely connected to online shopping) while also justifying the S&P 500’s lower but still-strong returns (since the companies producing many of the products consumers are buying are benefiting from the shift to e-commerce).

The bottom line? Now is not the time to worry about a bubble, in either tech or the market as a whole, even if the big deals in stocks we saw earlier this year are over.

Michael Foster is the Lead Research Analyst for Contrarian Outlook. For more great income ideas, click here for our latest report “Indestructible Income: 5 Bargain Funds with Safe 8.8% Dividends.

Disclosure: none

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