Mark Seed on My Own Advisor talks about investing in TD Bank. He bought this stock mid-2009.
I also own this bank and I have had it since 2000 and made a second purchase in 2009. This was my third bank to buy, having bought BMO in 1983 and Royal in 1995.
On my other blog I wrote yesterday about Goeasy Ltd (TSX-GSY, OTC-EHMEF) ... learn more. Next, I will write about Lassonde Industries Inc (TSX-LAS.A, OTC-LSDAF) ... learn more on Friday, June 16, 2023 around 5 pm.
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TD has large amount (~92B) negative free cash flow at end of 2023. Because its proposed acquisition was unsuccessful, it should have cash reserves. How come it has such bad balance sheet? and what does this mean for TD in your opinion?
ReplyDeleteFCF is not negative according to WSJ. FCF is calculated differently by different sites and I tend not to look at it much. The balance sheet looks fine to me. I have TD and have no intentions of selling.
ReplyDeleteThanks Susan for your response. The data I saw is from Yahoo Financial. I am planning to buy some TD shares because of its relatively low price, but I am concerned if its fundamental is still OK. I can not understand the reason, so will give up for now.
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