Anyone know Input Capital company based in Sask? Basically farm lending company. Funny to watch BNN interview and see Input Capital company on there. First he is saying canola prices going up are good for them...then the interviewer calls him out on the fact that farmers won't have any canola to meet their contracts...he then backtracks wildly and admits they are exposed heavily if the rains don't come. They report a $250MM market cap after less than 3 years with loans out to only 68 farmers. Wow....These stock markets are ballooned to max...lots of stock market plays out there just looking for the next greater fool. I remember the days when earnings and assets mattered..nope not in a world of free money printing presses, irrational exuberance and greed.
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I don't know what Greek stock markets are doing but I wonder on some level if it is not a good thing
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Who really knows though. With farmers becoming desperate for capital, and those printing presses forcing markets higher maybe if I were smarter going big $$$ into input capital corp and the markets is the best move I could make!! Only time will tell!
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After all the smoke (pun) and mirrors, input capital corp is a land play. Farmers either sign up life insurance, crop insurance , or farmland to utilize their cash resources. If everything goes sideways and push comes to shove, they are covered.
The principals at Input Capital were the same bunch with Assinaboia Land Company. As mentioned above, they are aware of the value of owning land
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It's the oldest play in the book.
1 find a victim who wants to wear big boy pants, be like the neighbor, unknowing, greedy or just about broke.
2. Show big cash for clunkers.
3. Canola is the game every one wants to win at.
4. Take mortgage. Or life either way cradle to grave.
5. Hope for failure as all good runs come to a end.
6. Realize on security either way the guy is dead.
7. Sell said asset to next department in charge of land acquisitions.
8. Miss going to the principle office or the FLSB.
9. Find a sucker or gov agency to purchase.
10. Move to another place to retire.
It's ocean 11 or sask 2015.
They did give away nice pails.
Smoke and Mirrors boys.
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