As a lover of wry headlines, WWCM’s note out this morning on the new patent machine formerly known as Wi-LAN (WIN:TSX) was a decent stab. “Outlook – Busy, Busy, Busy On Many Fronts”: “Q1 results in-line with consensus as Nokia license drives strong EPS. • WIN reported $49M in revs and $0.43 in EPS for
If CNBC is right, Blackstone is getting set to follow in the footsteps of the successful Fortress hedge fund IPO of last month. Whether or not a fund is a good investment for individual investors has been discussed here in the past. What really peakes my interest in this phenom is this: If the public
One of our portfolio companies, Air IQ (IQ:TSX), just announced that it had sold its vehicle finance division to California-based CalAmp (CAMP:NASDAQ) for US$19 million (about C$22 million) in cash. Compare that purchase price to Air IQ’s ~C$24 million market cap as of the close yesterday. Here is the Reuters story: “CalAmp to buy AirIQ
If you read carbon-defending columnists Eric Reguly and Richard Blackwell in the Globe & Mail, you might think that the wind power business would be best advised to pull up their towers and move, well, just about anywhere other than Canada. They might be serving the role of Old Economy Beefeaters, protecting the carbon crowd.