Author Archives: admin

What short squeeze?


The recent rally in global equities might have looked like a short squeeze given how sharp it was, however this assumption overlooks some key elements. Most notably, U.S. equity funds were not underweight before the rally. Instead, as Deutsche Bank chief global equity strategist Binky Chadha highlights, aggregate positioning was near to neutral, despite instances of meaningful shorts in areas ...

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How accounting rules give companies control over the bottom line


Financial reports always look certain and objective. After all, they’re filled with cold hard numbers, right? Six accounting tricks of the trade Accounting rules provide a reporting company a lot of discretion in how you can report depreciation, inventory valuation and other items. Here are some examples of methods companies used this discretion: FUTURE TAX PAYABLE Canadian Natural Resources Ltd. ...

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Focus on real issues and don’t get distracted, advises Raging River, Taseko dissident


It won’t take so long as the U.S. presidential election, however the battle for the hearts and minds of shareholders of Taseko Mines, underway for 2 months, has 8 weeks to operate prior to the final showdown on May 10. And halfway through, Chicago-based shareholder Raging River Capital – that is leading the charge to have its four director nominees ...

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Stocks on correction watch as pressure builds on global banks


LONDON – A stop by bank shares kept European shares under pressure on Tuesday, after losses in Asian markets sent investors scurrying for safe havens. After a choppy morning, the pan-European FTSEurofirst 300 flattened out, having touched its lowest levels since October 2014 in early trade. It remained near its Monday close, the lowest since 2013.North American futures point to ...

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Empire Co Ltd may need discount FreshCo stores in Alberta


Empire Co. Ltd.’s extremely weak third quarter results, thanks to a clear, crisp gross margin pullback in food retailing, is the result of a deterioration in its Western Canadian business. But as CIBC World Markets analyst Mark Petrie stated, a lot of the harm, which translated into a $1.73 billion write-down, was self inflected. It “comes from poor execution round ...

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This market is more 2011 than 2008, say analysts, complete with ‘quite severe’ rolling bear market


Financial markets have been flashing lots of indicators in the past month which have spooked investors and led to a flight ticket from risk for point about this year, drawing parallels to the financial crisis of 2008. Like that year, banks are the big focus, with investors this week selling off U.S. and European banks around credit fears.  But while ...

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Martin Pelletier: Markets haven’t kept pace with GDP rebound


David Rosenberg offered some great insight on the current economic situation in Canada via his column ‘Canadian economy not so dead, after all’ earlier this week. In particular, as the GDP change was slightly negative in the first 1 / 2 of this past year it has since posted a decent recovery thanks to strong consumer spending and the impact ...

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Four Amaya employees may join CEO David Baazov in bid to take PokerStars owner private


MONTREAL – Who owns PokerStars and other online gambling sites says several of its employees may be joining an attempt to take the company private. Amaya Inc. says it’s been notified that its executive vice-president for corporate development, together with three other employees, might be participating in the potential takeover being contemplated by CEO David Baazov. Related Amaya Inc CEO ...

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