How to go about securing the best return for your investment in Canada.
Latest News
Tokyo scraps 2020 Olympics logo in latest blow to reputation - The Australian Financial Review + MORE Sep 1st
The Australian Financial ReviewTokyo scraps 2020 Olympics logo in latest blow to reputationThe Australian Financial ReviewQuestions about the 2020 logo arose immediately after its July unveiling when Belgian designer Olivier Debie said it was too similar to his logo for the Theatre de Liege and dema.... More »
How the Dow Jones industrial average and other major indexes fared Friday + MORE Sep 12th
NEW YORK, N.Y. – The stock market logged its first weekly loss since early August on Friday after a report showed that retail sales in August rose more than economists had forecast. That reinforced expectations that the Federal Reserve could start hiking interest rates sooner than expected.
Di.... More »
90 days - 2.00% + MORE Nov 19th
This GIC rate is offered by Oaken Financial and was updated on 2014-10-06. Click on the link above to get more details or apply online..... More »
Ernst & Young quits as auditor for MagIndustries, TSX may delist company’s stock + MORE Jun 17th
TORONTO – MagIndustries Corp. (TSX:MAA) says its external auditing firm has resigned, saying it was unable to complete its audit of the company’s 2014 financial statements in accordance with professional standards.
Ernst & Young’s resignation was effective Tuesday, the day MagI.... More »
Why targeted reforms will raise investment advisers’ standards Jun 5th
The best-interest standard proposed by Ontario and New Brunswick sounds good, but what does it really mean?
.... More »
For Canadian telecom stocks, bad news is priced in
– theglobeandmail.com
Fears of a Verizon arrival and disaffection with dividend-payers has hit BCE, Rogers and Telus
Some Things I Never Quite Get Re: Falling Knives
– IntelligentSpeculator.net
I’ve discussed falling knives quite a few times in the past on this blog. The whole strategy of course is trying to find stocks that have suffered major declines and could be rebound. The easy part is finding out what caused the big decline but a lot more tricky is trying to determine if that could turn around and what kind of valuation makes sense. Among stocks that I’ve discussed in the recent past are:Blackberry (BBRY)
Netflix (NFLX)
Best Buy Co Inc. (BBY)
What if I told you that two of those 3 are the 2 best performing stocks in the S&P500 this year? In fact, it’s not even close. And no, of course, Blackberry, the stock that I’ve been bashing for months is one of the two. So who is at the top?
Best Buy (BBY) +190%
Netflix (NFLX) +185%
One of them (NFLX) is much easier for me to understand than the other. Guess which one? Here are a few charts from their more recent earnings numbers…!
NFLX Revenue Quarterly YoY Growth data by YCharts
NFLX EPS Diluted Quarterly data by YCharts
The post Some Things I Never Quite Get Re: Falling Knives appeared first on Intelligent Speculator.
Greece planning to ease ban on foreclosures, insists the poor won’t lose their homes
– canadianbusiness.com
ATHENS, Greece – Greece’s conservative-led government said Thursday it will water down laws protecting homeowners from foreclosures, but insisted that vulnerable borrowers worst-hit by the country’s financial woes will still not lose their homes.
Since the Greek debt crisis broke in late 2009, triggering global economic unrest and throwing the eurozone into disarray, banks have been banned from repossessing primary residences worth up to 200,000 euros ($270,000).
That shielded Greeks from the wave of evictions afflicting Spain, another battered southern European economy where about 30,000 people lost their primary residences last year because of non-payment of mortgages.
Prime Minister Antonis Samaras said his government is working on amendments targeting those who can pay off their mortgages but don’t, while retaining protection for the poor.
“Primary residences of socially weak citizens and those who can demonstrably not service their loans will be absolutely protected,” he said after talks with key coalition ally Evangelos Venizelos, Greece’s foreign minister who heads the small Socialist party…
Since the Greek debt crisis broke in late 2009, triggering global economic unrest and throwing the eurozone into disarray, banks have been banned from repossessing primary residences worth up to 200,000 euros ($270,000).
That shielded Greeks from the wave of evictions afflicting Spain, another battered southern European economy where about 30,000 people lost their primary residences last year because of non-payment of mortgages.
Prime Minister Antonis Samaras said his government is working on amendments targeting those who can pay off their mortgages but don’t, while retaining protection for the poor.
“Primary residences of socially weak citizens and those who can demonstrably not service their loans will be absolutely protected,” he said after talks with key coalition ally Evangelos Venizelos, Greece’s foreign minister who heads the small Socialist party…
Barrick Gold Corp. says it has agreed to sell off three mines in Western Australia known as the Yilgarn South assets to South Africa-based miner Gold Fields Ltd.4.5 year – 2.45%
– ratesupermarket.ca
This GIC rate is offered by Outlook Financial and was updated on 2013-03-14. Click on the link above to get more details or apply online.
