Archive for August 14th, 2007
CVCA confirms weak VC data for first half of 2007
14 August 2007In a press release earlier today, the Canadian Venture Capital and Private Equity Association (CVCA) confirmed the negative trends identified here a couple of weeks ago (see post “Brutal venture capital stats for H1 2007“, August 1-07). The Globe & Mail covered today’s release here.
Of particular concern is Ontario, which saw a 55% drop [...]
Cramer jumps on KKR IPO delay bandwagon
14 August 2007Jim Cramer is joining the chorus of folks (see post “‘Panic’ sets in to the debt markets“, July 29-07) encouraging KKR to hold off on their IPO.
MRM
GMP research on Xceed Mortgage & Coventree
14 August 2007Further to our Coventree post of earlier today (see “Where’s the Bank of Canada on Coventree stumble?“, August 14-07), here is a good piece from GMP Securities regarding Xceed Mortgage Corp. (XMC:TSX) that also touches on sister corp. Coventree (COF:TSX):
Xceed Mortgage Corporation’s (XMC) securitization partner Coventree Capital (COF-TSX) announced on August 13, 2007 that due [...]
Where’s the Bank of Canada on Coventree stumble?
14 August 2007Specialty finance is a flourishing niche in Canada, with firms such as Home Capital (HGC:TSX), Xceed (XMC:TSX), Coventree (COF:TSX), Quest Capital (QC:TSX), etc. Despite a very established and successful oligarchy of chartered banks, these firms have all found a way to carve out profitable businesses on what might be suspected to be less-than-fruitful terrain.
We [...]