Q: I am trying to fully understand the usage and value of the Cdn cdrs.
Are the Cdrs created from a Treasury based on the current traded price of the equity or am i forced to find someone who has their exisitng Cdrs for sale and Bid on those based on the levels they will sell their holdings at?
The Bid/Ask on some of these is extremely wide and the volume of some very Lo wherein some have no volume traded and seemingly none offered. If the price i am forced to pay for the Cdn cdr doesn't closely reflect the value after Cdn exchange is taken i am better to just BUY the shares in the alternative currency but I like the idea of the hedging feature when i see the Cdn dlr as being fairly weak.
Was looking to Buy LVMUY but the Bid/Ask spread was .35/Shr.
Lastly what are yr thots on LVMH and Luxury Brands in general as a Purchase opportunity today? Also was looking at Richemont cdn cdr but there was no volume traded today.
Are the Cdrs created from a Treasury based on the current traded price of the equity or am i forced to find someone who has their exisitng Cdrs for sale and Bid on those based on the levels they will sell their holdings at?
The Bid/Ask on some of these is extremely wide and the volume of some very Lo wherein some have no volume traded and seemingly none offered. If the price i am forced to pay for the Cdn cdr doesn't closely reflect the value after Cdn exchange is taken i am better to just BUY the shares in the alternative currency but I like the idea of the hedging feature when i see the Cdn dlr as being fairly weak.
Was looking to Buy LVMUY but the Bid/Ask spread was .35/Shr.
Lastly what are yr thots on LVMH and Luxury Brands in general as a Purchase opportunity today? Also was looking at Richemont cdn cdr but there was no volume traded today.
