- RIM is still having its legal problems. Earlier this month, I figured a target of $62 for RIM. With the courts ruling against RIM, I still maintain it will go lower ($1 billion settlement to NTP, and expensive licensing arrangement). Stay tuned.
- Stelco, well, what can be said about it. Shareholder value has been all but wiped out. With the new shares under the restructuring plan having a value of $5.50, steel prices softening in Q1, I don't expect big things from them.
- Dofasco hit the $64 mark...might be a good idea to take it now. Even though Arcelor is going to act or react sometime this year, going into the holidays and into the new year, I don't think there will be any surprises.
- Sony is still on my watch list - I can't help but think that it will be a bargain some time in the first 6 months of 2006.
- Nortel is being sluggish. No surprise there with the changes in management.
- Vincor, having defeated the Constellation takeover, still feels that Constellation's bid was oppurtunistic - I agree. Again, we'll see what happens with next quarter results.
- Laurentian Bank has been on my watch list for the last 3 months - steady gains over the last 4 weeks make it a good buy.
1 comment:
I'm also watching Nortel. I was wondering your opinion on buying options instead of the stock itself, considering you could control shares of it for as little as a nickel. Something I'm considering since we're
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