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Pick52

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Everything posted by Pick52

  1. http://www.bloomberg.com/news/2014-01-21/pimco-s-el-erian-resigns-as-hodge-named-chief-executive.html
  2. Do you need to be an admin level user to view/accept/reject the new registrants? If yes, could a new user type be set up to handle registrations only and then maybe some volunteers could be made members of that group and deal with the issue. I would volunteer to help out with that. Alternatively if you need to be an admin user, maybe have members take turns at handling the registrations. Make them admin users for a day/week etc. All you'd need to do then would be to add/remove the users from the admin role and email them that it was their turn.
  3. Sanj, Maybe you should look at flying with these guys http://www.funnyjunk.com/funny_pictures/3709527/Kulula+Airways+long+but+worth+it/
  4. Just received my Fibrek Plan of Arrangement. Does anyone know where I can find a template "Dissent Notice"? I've never done this and I want to make sure I don't miss any info when I submit mine.
  5. Pretty good I'd say... March 28 (Reuters) - Fibrek Inc said it will seek permission, along with its friendly bidder Mercer International , from the Supreme Court of Canada to appeal against a Quebec court decision to block a key term of their deal. Late on Tuesday, the Quebec Court of Appeal reinstated a cease trade order on Fibrek's private placement of 32.32 million special warrants to Mercer, following an appeal by hostile bidder AbitibiBowater. Shares of Fibrek fell as much as 8 percent to C$1.07 on Wednesday morning on the Toronto Stock Exchange. The stock was one of the biggest percentage losers on the exchange. "We are disappointed with the decision of the Quebec Court of Appeal," said Mercer Chief Executive Jimmy Lee. Abitibi, which operates under the business name Resolute Forest Products, has been trying to block the Mercer bid. Earlier this month, the Quebec Court of Appeal granted Abitibi permission to appeal the Court of Quebec's decision that had overturned the Bureau de decision et de revision's decision to block Fibrek's private placement of warrants to Mercer. The private placement of 32.32 million was part of Mercer's offer of about C$170 million, which is 30 percent higher than Abitibi's. "We continue to believe that the Bureau's decision to cease trade the private placement diverged from accepted legal principles and unfairly inhibits Fibrek shareholders from obtaining the higher consideration under our offer," Lee said.
  6. Pick52

    New FBK

    Cheapest price/book, yes. The next cheapest North American company in TDW's global peer group is at 1.2 p/b. There are a couple of Brazilian companies under 1x. There are 3 lower debt/cap companies; two of them are North American (Domtar (9%) and West Fraser (6%)).
  7. Pick52

    New FBK

    A second upwardly revised price target for MERC from TD Waterhouse within a week. Now at US $16.00. Some interesting valuation metrics from a table in the report: Price/Book MERC 2.5x FBK 0.4x Global Peer Group average 1.3x Debt/Cap MERC 54% FBK 19% Global Peer Group average 22%
  8. Pick52

    New FBK

    TD Waterhouse just upgraded MERC to a buy with a target of US $14.00 (up from US $9.50). They are also increasing their NBSK pulp price forecast to US $950 for 2011 (+6%)
  9. My apologies if this was posted previously http://news.moneycentral.msn.com/ticker/article.aspx?Feed=AP&Date=20090213&ID=9610723&Symbol=FFH From an Associated Press article: Federal regulators are investigating allegations by a large insurer that several hedge funds conspired to drive down its stock price by using advance notice of an analyst's negative report about the company. The Securities and Exchange Commission is examining the situation involving insurer Fairfax Financial Holdings Ltd., a person familiar with the inquiry said Friday. The person spoke on condition of anonymity because the investigation has not been made public. Starting to get some traction?
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