Home 2009 March

Remember Regulation FD? No one else seems to.

With increasing frequency, email blasts and update research reports are sent out to institutional equity investors that appear on the face to break the spirit, if not the letter, of Regulation FD (and its Canadian cousin). Nortel and Air Canada are two high profile Canadian cases that stand out in my mind where “selective disclosure”

 
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Bombardier looks good to Genuity Capital Markets

With one Wellington Financial Fund III investment in the aerospace sector, we pay close attention to what is up with Bombardier (BBD.B:TSX). This equity research report from Genuity Capital Markets is surprisingly positive, and serves as a straw in the wind of a 2010 economic recovery: “Investment Thesis · Initiating with a BUY on valuation.

 
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Bay Street Buzz

This information courtesy of Bill Vlaad, of Vlaad & CO.: “Cormark Securities is adding veteran banker John Budreski. John has been working his own deals recently but was the CEO of Orion Securities before it was sold to Macquarie Group. BMO Capital Markets hired Christopher Donohoe as a Managing Director in its Financial Institutions Group

 
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The Bull Market has returned

On a technical basis at least, the Dow Jones is back in Bull Market territory, rising 21% from the March 9th low. The recession might be still underway (see prior post “Bank lending drops again in February” March 20-09), but that hasn’t stopped investors from paying more for many stocks then they thought made sense

 
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Quelle surprise! AIG staff matter.

I had a hard time explaining to Gregg Jarrett on Fox News (see prior post “O.K., to be crystal clear on AIG’s bonuses….” March 22-09) that many of the folks who were still plying their trade in the Financial Products Group at AIG actually mattered, had other career choices, and should be retained to defuse

 
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