Comment history

nighthawk says...

Their financial woes which always ends of targeting their employees will make it hard for them to attract good employees. Who will leave their job to go to Fusion? none if you're smart. So they only will attract those unemployables

nighthawk says...

There is no such thing as data privacy in this country. You can have all the policy you want. Too bad the Punch is gone tho.

nighthawk says...

A national lottery is a good idea. It has the potential to change a life of an individual almost immediately. You can play in these number houses for years winning small amounts of money that will never change your life. The government can tax it better, and potentially gain additional revenue because there are some people who will play a lottery but won't use a numbers house.

nighthawk says...

Good news! Seems like they are coming back after the big loss from 2021. They lend to the people in the hotels where hardly any of the other Banks would lend, so they took a big hit in the last two years when covid basically shut-down all the hotels. It would make sense for the loan book to shrink because hotel workers cannot repay their loans if the hotels are closed. Glad to see they have confidence the economy is coming back and they can start to return shareholders to where they used to be. I'm seeing these small positive steps with Commonwealth, and I'm watching to see if they continue. I'm thinking that if their dividend payout this quarter is doubled, but they are still way below what they have paid in total for the year, they have to do some sort of extra dividend. If they have the cash and their aren't still enough qualified borrowers, its best to do what they've done and increase the return to shareholders.

I saw where Fidelity's loan book is shrinking even though they get all those government salary deduction loans. If you work in the hotel, try get a loan from Fidelity, it won't happen unless you are cash secured aye. That is a bad sign that they are losing business when all they do is lend to government workers, seems like they are losing business to BOB and those smaller private lender groups. I see through the smoke and mirrors, they had to put out hype around a rights issue to artificially blow up their share price, which is covering up that their lackluster financial performance. Their net income has been contracting for years.