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Five potential takeover targets

STEVE LADURANTAYE

Globe and Mail Update

Latest comment posted at 5:46 PM EST 23/11/08

Current market volatility opens the door for bids, Canaccord Adams writes ...Read the full article

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  1. Ed Rockafelast from Calgary, Canada writes: Interestingly enough Canaccord points out great opportunities for other but they have walked away from taking over some companies themselves.
    Early this summer they were kicking the tires of a few rival dealers that include Blackmont Capital. Some other were looking at the death horse rumors of Scotia Capital which also turned down the "opportunity" was circling Bay Street. It is clear Blackmont is dead, as they can't raise even small money for CPC's. I wonder what would happen to the rivals of Canaccord who will pick the pieces of our broken Investment dealers.
    I would suggest we need to downsize our industry as there is too many players and too small of a market...que sera, sera?
  2. Panty in a knot from vancouver, Canada writes: Cannacord is a joke.

    I bet they have been shorting Oilexco as they worked on the deal to raise them money. Either that or they have been telling all their friends what the price would be.

    I see a lawsuit coming!
  3. Little Bear from Canada writes:
    Some of the companies have cash on hand and the share prices have dropped through the floor. It seems like a good time to buy back a bunch of their shares and control any possible take overs that would be unfavourable.

  4. Second Look from Canada writes: It seems to me that Canaacord is on shaky ground financially from recent reports . . . perhaps they would be wiser to tend their own 'house' rather than pointing fingers at other takeover targets. They just might find themselves in the eye of a cleanup takeover themselves.
  5. Stewart Pid from Canada writes: If Canada had a real securities commission they could investigate Canaccord for their shorting activities on many companies & find a pile of violations but this is the wild west & the regulators are in bed with the scoundrels. The rocket surgeons at the securities commission are still mulling over the Bre-X case for reporting irregularities!!!!

    However the incompetence of the regulators seems to be the least of our problems in these dark days.
    GLTA ... Pid.
  6. Smoking Man from Canada writes: Been pair trading YRI and the rest for the last month.

    In the past 3 months

    Cumultive daily for ABX G K YRI

    Per day

    ABX down -0.44%
    G down -0.63%
    K down -0.42%
    YRI down-1.59 3 time lower than others

    Take over very likely. very under valued correlated to others

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