Crescendo clamours for Call-Net
Article Abstract:
Arbitrage firm Crescendo Partners LP looks for undervalued companies with high asset values but low stock price. Founding partner Eric Rosenfeld said that the low stock value results either form plain mismanagement, bad luck or tight family control. Crescendo evaluates 15 to 20 possible investments at any given time. Among its recent moves were shorting the stocks of Bre-X Minerals Ltd, acquisition of shares of Loewen Group INc and acquisition of a 19.9% stake in Spar Aerospace Ltd.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
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Angst in the on-line trading world
Article Abstract:
The number of Canadians who trade stocks on the Internet is expected to rise according to a Forrester Research report. About 200,000 Canadians traded on-line in 1998, less than 5% of all investors. The figure is expected to jump by 50% to 300,000 in 1999, and increase to 860,000- 1.1 million by the year 2003. However, the growing number of electronic trades has resulted in a number of problems such as such as delays and service breakdowns which can cost investors their money.
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
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