Blogs
August 6, 2015 - Today we look in on Valeant Pharmaceuticals (VRX) which we last featured in our morning report on April 1st. On the day, the stock closed at $249.15. Since then, it has advanced 39% to close at $346.32 (and setting a new 52-week high of $347.62) on August 5th.
Valeant... Read more »
August 4, 2015 - On Sunday, Prime Minister Stephen Harper decided to get an early start on his campaign, making an expensive early election call which will cost taxpayers up to an extra half billion dollars according to the Canadian Taxpayers Federation. Although we doubt that the extra costs have... Read more »
July 31, 2015 - At the request of the Ontario Securities Commission, late Tuesday Home Capital Group (HCG) reported more details on its July 10th press release when it announced that a "review of its business partners led to the company terminating relationships with certain mortgage brokers." On... Read more »
July 29, 2015 - Today we revisit Alimentation Couche-Tarde (ATD) which we last featured in our morning report on October 16th. On that day it closed at $35.25 and it is up 63.3% since then, closing at $57.56 on July 28th (and setting a new 52-week high of $58.75 on July 20th along the way). There... Read more »
July 27, 2015 - The Canadian consumer put in a strong showing in May as retail sales jumped 1% over the previous month. That strength could be in jeopardy, however, as policies targeting a lower loonie may put a dent in the prosperity of most Canadians. In particular, if BMO Chief Economist Doug... Read more »
While Canadian insiders continue to signal that the Energy sector is undervalued, they are being much more cautious in their buying during the current pullback in oil & gas stocks than they were in early winter. The muted response of insiders may be partly explained by trading blackout... Read more »
While yesterday we featured a junior stock which was a contrarian situation, today we look at an example of relative strength in NioGold Mining (NOX). We last featured NioGold in our INK morning report on April 15. The stock has been relatively flat since the report which translates into strong... Read more »
The share price of base metals junior Foran Mining (FOM) has tumbled since we featured it in our morning report on May 4th when the stock closed at $0.265. The share price last closed at $0.14 on July 17th (and hitting a new 52-week low on the day of $0.13). The stock has been dealt a double-whammy... Read more »
July 20, 2015 - If there was any doubt that the current government in Ottawa has thrown in the philosophical towel on free market oriented economics, it was removed last week when its central bank governor cut rates back down to great financial crisis levels. The lack of a crisis did not deter the... Read more »
Wins, Richard Warke's had a few. The latest for the veteran mining executive was selling Augusta Resource Corp. and its Rosemont copper deposit in Arizona to Hudbay Minerals (HBM) for more than $550 million last year, following a protracted takeover battle. Warke was Augusta's executive chairman.... Read more »
