Archive for October 1st, 2008
Will Salida fall prey to its name?
1 October 2008According to the Streetwise blog, Canadian hedge fund Salida Capital just lost recently-hired Co-President David Fleck (see prior post “Smart guys leaving the Street” January 23-08), and is down “double digits” for the month of September.
The history of the firm’s name is a well kept secret. But, if you asked one of the traders [...]
Discovery Air quarterly research updates
1 October 2008Apologies for the delay. Here are the update reports from GMP Securities and Versant Partners regarding the recent quarter at Discovery Air (DA.A:TSX). Discovery acquired Wellington Financial Fund II portfolio co. Top Aces in August 2007:
From GMP Securities:
We are maintaining our BUY recommendation and lowering our target price to $1.00 per [...]
Nokia buys OZ Communications
1 October 2008 Nokia just announced that they will purchase Montreal’s OZ Communications, Wellington Financial Fund III portfolio company. Details of the transaction were not disclosed.
We are thrilled for the OZ team, of course. This is a terrific outcome after ten years of hard work.
OZ will help Nokia build on its success with consumers. Let’s [...]