Info

Apple Inc shares will surge to US$240, Carl Icahn says in call for bigger buyback

apple_icahn.jpg

Apple Inc., which already announced it had been boosting its capital-return program by US$70 billion, should increase its stock buyback, Carl Icahn wrote in a letter to the company. The market continues to misunderstand the producer of iPhones and iPads and the company\’s shares count US$240, 86 per cent above where they closed Friday, the billionaire activist investor said. That ...

Read More »

Why investors need to ignore futile investment forecasts

oil-sands.jpg

It\’s been a fascinating past fourteen days with the New Democratic Party winning the Alberta election, the Calgary Flames getting eliminated in the playoffs and I ruptured my Calf msucles at a father-son pickup the game of basketball. The one thing the 3 events have in common is that Never imagined any of them would happen. Perhaps there is a ...

Read More »

Why Quebecor Inc stands out in the Canadian telecom sector

0122quebecor.jpg

TD Securities analyst Vince Valentini is pounding the table on Quebecor Inc., telling clients not one other stock within the Canadian telecom space provides the same combination of value and growth. He believes the seven-per-cent pullback in Quebecor shares since the company reported first-quarter results is “completely unwarranted.” The company’s initial phase wireless business had record average revenue per user ...

Read More »

Five tales from the trenches: An ex-portfolio manager divulges what it’s really like

0522trenches.jpg

Investors and friends always used to ask me what being a portfolio manager was like. Sometimes, like in a conference for instance, I couldn\’t really tell the stories I wanted to. I needed to keep things professional and, obviously, in sales mode, since many portfolio managers do. Now that I no longer manage money, though, I can reveal several stories ...

Read More »

Are investors getting ready to bet against Canada — again?

canada-1.jpg

Investors betting against Canada isn’t new and it certainly didn’t work the final time investors felt so pessimistic concerning the country’s future. But a lot of short money is sitting on the sidelines and watching the Canadian banks following the crash in oil prices and also the resulting damage to the country’s economy. Six reasons the world should be paying ...

Read More »

Quebec could be unfriendly turf for SNC-Lavalin Group’s foreign suitors

snclavalin2.jpg

MONTREAL – In a?province that protects its very own and has a history of giving foreign?buyers?a frosty reception, Quebec’s political will is viewed as a major hurdle?for?any suitor circling SNC-Lavalin Group Inc. Foreign buyers target SNC-Lavalin Group Inc with takeover ambitions: \’People are circling\’ SNC-Lavalin Group Inc. continues to be approached \”informally\” by a minimum of two large foreign engineering ...

Read More »

North American markets pull back sharply on disappointing GDP reports

0529tsx.jpg

TORONTO – United states stock markets closed deeply at a negative balance in a broad-based decline that followed the release of disappointing economic growth figures on sides of the border. The S&P/TSX composite index finished the final trading day\’s May down 92.91 points at 15,014.09, with the energy sector helping to limit the harm as oil prices turned sharply higher. ...

Read More »

WhiteWave Foods Co. Plans to acquire Vega for about US$550 million

silk.jpg

WhiteWave Foods Co., the dairy producer known for its Silk milk alternatives, agreed to buy nutrition food company Vega for about US$550 million in cash. The Denver-based company will fund the purchase under its existing US$1 billion revolving credit line, it said inside a statement on Tuesday. Vancouver-based Vega, founded in 2004, sells plant-based powdered shakes and snack bars. It ...

Read More »

Health-device maker Fitbit Inc hikes IPO goal by up to 37%

fitbit1.jpg

Fitbit Inc., the producer of wearable devices that collect data on exercise and sleep patterns, boosted the target size of its dpo by as much as 37 per cent to US$655.5 million. Fitbit and it is stockholders plan to offer 34.5 million Class A shares for US$17 to US$19 apiece, based on a prospectus filed Tuesday. In the high end ...

Read More »

Investors can pay now for Fed rate hike, or pay more later

0615janetyellen.jpg

If the U.S. Federal Reserve leaves interest rates unchanged at its Wednesday policy meeting not surprisingly, it will please lots of equity investors who have greatly benefited from the central bank’s zero rate of interest policy over the past six years. But in other words the old oil filter commercial: Investors will pay now, or pay later. The Fed’s ongoing ...

Read More »