Archive for March 19th, 2008
The market always knows
19 March 2008On a day when the TSX fell 427 points in a blaze of red, how did the six Canadian banks fare?
BMO – up 0.5%
BNS – down 1.06%
CIBC – down 0.95%
National Bank – down 4.17%
Royal Bank – down 0.97%
TD – down 1.16%
The correlation of trading in BNS, CIBC, TD and Royal is astounding. A few [...]
Time for a dividend policy at RIM
19 March 2008RIM’s (RIM:TSX, RIMM:NASDAQ) co-founders are not known to be miserly. Many good and worthy causes have benefited from the personal generousity of Mike Lazaridis and Jim Balsillie. Why then, have they yet to share any of Research in Motion’s cash horde with shareholders?
For the 3rd quarter ended December 2007, RIM announced a cash [...]