Description: “The board of SNC-Lavalin is seemingly content to deny shareholders the chance to retain a top-quality investment. Instead, with this 407 sale, shareholders are forced by its own board to gamble on rescuing a now near-worthless asset, a deal that strikes me as cruel and Machiavellian,” Jarislowsky wrote in an open letter published Monday on the website… Read more »
Posts Categorized: Financial Planning
Kraft Heinz reviews options for its Maxwell House coffee business, including possible sale, as looks to reshape its food empire
Description: Kraft Heinz, the ailing food giant, has tapped investment bank Credit Suisse to review options for its Maxwell House coffee business, which could include a potential sale, people familiar with the matter tell CNBC. Source: CNBC.com – video report Date: Feb 24, 2019 Link: https://www.cnbc.com/2019/02/24/kraft-heinz-reviews-options-for-maxwell-house-coffee-including-sale.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Mail Questions for discussion: What does the article say about… Read more »
Wall Street Rule for the #MeToo Era: Avoid Women at All Cost
Description: No more dinners with female colleagues. Don’t sit next to them on flights. Book hotel rooms on different floors. Avoid one-on-one meetings. In fact, as a wealth adviser put it, just hiring a woman these days is “an unknown risk.” What if she took something he said the wrong way? Across Wall Street, men… Read more »
“I Hearby Confess Judgement”
Description: How an obscure legal document turned New York’s court system into a debt-collection machine that’s chewing up small businesses across America. Source: Bloomberg.com Date: Nov 20, 2018 Link: https://www.bloomberg.com/graphics/2018-confessions-of-judgment/?srnd=businessweek-v2 Questions for discussion: Why are small business people typically the target? How can they protect themselves from this risk? Is there a role for government… Read more »
Walmart’s focus on lower prices, e-commerce pays off as costs rise and tariffs loom
Description: Walmart reported 43% e-commerce growth and U.S. same-store sales growth of 3.4% in the third quarter Source: MarketWatch.com Date: Nov 15, 2018 Link: https://www.marketwatch.com/story/walmarts-focus-on-lower-prices-e-commerce-pays-off-as-costs-rise-and-tariffs-loom-2018-11-15 Questions for discussion: Summarize and interpret the reported financial results at Walmart. What explains these results? How should investors treat this information?
Tilray joins in cash grab as pot firms capitalize on euphoria
Description: Tilray Inc. added its name to a group of marijuana-exposed stocks cashing in on investor euphoria to raise billions of dollars at soaring valuations. Source: BNNBloomberg.com Date: Sep 28, 2018 Link: https://www.bnnbloomberg.ca/tilray-joins-in-cash-grab-as-pot-firms-capitalize-on-euphoria-1.1147365 Questions for discussion: Should IPO buyers have expected this bond sale? Is selling this much debt good for the firm and investors?… Read more »
Tesla Has a Problem, and It’s Not the Model 3
Description: With all the car-making troubles that are hounding Tesla Inc. these days — from the Model 3 bottlenecks to the furious cash burn — it’s easy to overlook the company’s SolarCity headache. Source: Bloomberg.com Date: Apr 06, 2018 Link: https://www.bloomberg.com/news/articles/2018-04-06/hidden-by-model-3-mess-tesla-s-other-problem-is-about-to-emerge Questions for discussion: What does the report say about the financial problems at Tesla? What are… Read more »
Remington Was Turned Down by 30 Lenders After School Shooting
Description: For Remington Outdoor Co., one of the oldest firearms makers in the U.S., not even going bankrupt is easy these days. Source: Bloomberg.com Date: Mar 29, 2018 Link: https://www.bloomberg.com/news/articles/2018-03-29/gunmaker-gets-loan-from-jpmorgan-franklin-after-others-said-no Questions for discussion: What does the report say about the connection between financing and social issues facing managers? Which other industries do think might face similar… Read more »
John Ivison: Canada spends $29B a year on business subsidies — and half of it is wasted
Description: The study’s analysis is not good news for the federal Liberals, who are in the process of choosing a handful of promising industry ‘clusters’ for special support Source: NationalPost.com Date: January 10, 2018 Link: http://nationalpost.com/opinion/john-ivison-canada-spends-29b-a-year-on-business-subsidies-and-half-of-it-is-wasted Questions for discussion: What are the reasons for the waste, according to the report? How should businesses that rely… Read more »
TransCanada said to be pressing Alberta to buy Keystone capacity, putting Notley in a bind
Description: The Alberta government bought capacity on the now-defunct Energy East pipeline and TransCanada wants the same deal for KXL meanwhile Enbridge is pressuring the premier not assist its rival Source: FinancialPost.com Date: Nov 01, 2017 Link: http://business.financialpost.com/commodities/transcanada-is-said-to-press-alberta-to-buy-keystone-capacity Questions for discussion: What does the article say about the relationship between the Alberta government and the… Read more »
Fundamentals of Corporate Finance
- Introduction to Corporate Finance, Fourth Canadian Edition
Laurence Booth (University of Toronto), W. Sean Cleary (Queen's University ) - Investments: Analysis and Management, Third Canadian Edition
W. Sean Cleary (Queen's University), Charles P. Jones (North Carolina State Univ.)