CANEXUS CORP 6.5 PCT DEBS T.CUS.DB.D

what a drop

[philip3]

Wow, dow to $5.57 on the news.
What amazes me is that it's sorta old news. i.e., the cost overun debacle was already baked in to the price.  This is just tidying up lose ends.
Great opportunity for investors not yet in to make a very quick 10%

[packerdriver]

I certainly hope you're right.....the devil's advocate in me though is thinking that the year end results next week may even be worse than the market is pricing in.....and that's the reason for the CEO surprise exit.....too bad I'm already overweight in this......"go ahead kick me while I'm down".....the oil will still be coming, the trains will still be rolling

[philip3]

Hey Packer,      hope you're wrong with the negative earnings etc.  Im also down in this posiotion and just averaged down at $5.46. I feel confident long term, though like you, may be sitting on this at least nine months to get back to where I started.  Good divi, good future, worst is behind us... Phil

[itsalie]

I think the main thing to remember is they are in the right business and have customers lined up once they sort out any execution problems.. as for the ceo.. it may signal a bad quarter.. but if that were his only concern he could have jumped ship before they announced the overrun