Top 10 I-Bank bonus time excuses
A tough time in the equity markets, and less-than-stellar M&A stats can only mean one thing. Bonuses will be down 20-30% at most investment banks when they are paid out later this month. For all of...
View ArticleNBF hits sell button a 2nd time on RIM
First they went to US$16 at National Bank Financial on tech giant Research In Motion (RIM:TSX, RIMM:Q), now Analyst Kris Thompson says US$10 is the right number. Here’s the skinny that comes with the...
View ArticleNot so fast, easyhome!
The pre-Christmas week is a quiet one on Bay Street. Stocks barely trade. Client lunches last until mid-afternoon; if you can actually get a reservation anywhere half-decent. The underground network of...
View ArticleEdgestone going it alone again?
Has it been over five years since GMP Capital (GMP:TSX) acquired private equity shop Edgestone Capital Partners? Indeed, that marriage is about to end, if the rumours are true. It sounds as though the...
View Article$100M CSU block doesn’t feed the ducks
Love it when a plan comes together. Sort of. The ownership transition has finally begun at Constellation Software (CSU:TSX), with a $100 million block trade deftly completed by TD Securities last...
View ArticleBalsillie to take helm as Wellington Financial’s Chairman
It has been a few months since I broke any news (see prior post “$100M+ acquisition of Dayforce in the works” Dec 19-11), so I thought I would give our loyal blog readers a jump on a release that won’t...
View ArticleEloqua’s pending NASDAQ IPO a secret Toronto success story
It has been seven years since anyone publicly referred to software co. Eloqua as a “Toronto-based” tech company. Last Friday, Fortune’s Dan Primack let the world know that Eloqua’s planned NASDAQ IPO...
View ArticleShed a tear for O’Leary’s Yield Advantaged Convertible Debenture IPO investors
It has been just over two years since Rock Star fund manager Kevin O’Leary raised $186 million for his Yield Advantaged Convertible Debentures closed-end fund. At the time, convertibles were seen to be...
View ArticleDebt fund returns match up well versus equities
With our firm’s 2013 annual meeting just around the corner, I thought I’d look at some of the debt fund net returns that pension plans across North American have been receiving of late. The data the...
View ArticleThrowing in the towel on my RIM shares
This falls into the category of a painful post to write. For years now, I’ve anxiously awaited the arrival of a modern day version of my beloved Blackberry, both as a customer and personal RIM...
View ArticleHalogen’s valuation shadow could undercut Canada’s tech IPO momentum
The deals are there for Canadian technology companies and its broader ecosystem, that’s for sure. Kinaxis (KXS:TSX), Critical Control (CCZ:TSX), DIRTT (DRT:TSX) and Espial (ESP:TSX) have all raised...
View ArticleConstellation Software acquires Wellington Financial portfolio co. InterAct911
Remember that sub-$20 TSX IPO that is now trading for more than $400? They’re at it again. Constellation Software Inc. (TSX:CSU) announced last night that it had completed, through its wholly-owned...
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