Archive for March 17th, 2009
The AIG / Citibank double standard
17 March 2009Imagine there’s a bomb ticking in the basement of your neighbour’s home. Who would you want to defuse it? The bomb squad from the local police force, or some guys and gals who answered an online posting on Workopolis.com? Maybe better metaphor is Hannibal Lechter — who better to help the authorities [...]
Oslers: “difficult decisions” ahead for LSIF managers
17 March 2009As many of you know, we dedicate a bit of our real estate to the challenges that face the Canadian venture industry, including the LSIF crowd (see prior post “The great LSIF myth” July 2-08). Lawyers Geoff Taber and Chad Bayne at Osler, Hoskin & Harcourt LLP have published a good summary on what [...]
CVCA’s budget pitch to Ont. Premier McGuinty
17 March 2009With a provincial budget on the horizon, the Canadian Venture Capital & Private Equity Association has made a formal request on Ontario Premier Dalton McGuinty to bring to bear some new tools to help the start-up and venture capital ecosystem get up off the floor.
As you’ll see from the letter, many of the asks were [...]
Bank Dividend Deja Vu part 2
17 March 2009The Canadian bank stocks are rallying on the backs of the anticipated U.S. move to temporarily dispense with mark-to-market accounting. Bank of Montreal (BMO:TSX), to pick but one, is clearly benefitting…up ~20% since our post of March 8th (see prior post “Bank Dividend Deja Vu“) again pointed out the ~11% divi.
Now that bank stocks [...]
Thomas Weisel research comment on roaring U.S. bank stocks
17 March 2009This note is from the bank analyst at Thomas Weisel Equity Research:
“Our industry average advanced 28.5% last week after declining 19.7% the previous week. Both price changes represented record weekly moves. Concerns about the viability of the industry were lessened as several large banks indicated they were profitable in January and February. Additionally, there were [...]