The Canadian Investor

Tesla Slumps, Shipping Woes, and Leon's Real Estate Leap

Feb 1, 2024

This podcast episode covers a range of interesting topics including the Bank of Canada's decision to maintain its policy rate, Tesla's challenging earnings report, shipping issues impacting the global economy, Leon's Furniture's surprising move into real estate development, Canadian National Railway's performance, and accounting issues at Archer Daniels Midland. They also provide a comprehensive review of ASML's earnings and their role in the semiconductor industry.

58:48

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Quick takeaways

Archer Daniels Midland (ADM) is facing an accounting probe after its stock dropped more than 26%, raising questions about the company's trustworthiness and potential revelations of misrepresented earnings.

ASML, a significant player in the production of semiconductor chips, reported revenues and profit above expectations for Q4 and expects ongoing demand due to its vital role in chip production.

Canadian National Railway (CN) reported revenues and profits in line with expectations for Q4, reflecting ongoing demand for its services and its position as one of the largest grain merchandisers in the world.

Deep dives

Archer Daniels Midland faces accounting probe after stock plummets

Archer Daniels Midland (ADM) is facing an accounting probe after its stock dropped more than 26%. The company suspended its CFO and slashed its earnings outlook, causing further concern for investors. This is not the first time ADM has faced issues, as it was accused of fixing prices in the 1990s. The current probe raises questions about the company's trustworthiness and may lead to further revelations of misrepresented earnings.

Introduction

2min

Bank of Canada Policy Rate and Economic Growth Discussion

5min

Press Conference Critique and Repo Market

3min

Understanding the Challenges of Predicting and Devising an Investing Strategy based on Inflation

2min

Tesla's Struggles and Future Growth

16min

Leon's Plans to Build 4000 Homes in Toronto

3min

Canadian Furniture Store Ventures into Home Building

27min

In this episode, we dive into the Bank of Canada's decision to maintain its policy rate at 5%, Tesla's challenging earnings report, the impact of shipping issues on the global economy, Leon's Furniture's surprising move into real estate development, the performance of Canadian National Railway, and the unfolding accounting issues at Archer Daniels Midland. Additionally, we provide a comprehensive review of ASML's Q4 and full-year earnings, shedding light on their pivotal role in the semiconductor industry.

Tickers of stock discussed: TSLA, LNF.TO, CNR.TO, ADM, ASML

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