Food for thought...I've been away for a few days too, and trying to catch up on all the posts here. I like the new Target price of $100 by Richards. Over the last year, every 12 month target was blown away in 12 days, 12 hours, and sometimes in 12 minutes... :) Sort of ! So we should expect to hit this target soon.
I see this new financing at $52 dollar range also as very interesting: 1) It shows the huge demand from huge investors wanting to get into WIN. 2) It means CIBC World Markets will start its public analysis of the company... 3) In the short term, it could provide big players an opportunity to use a common arbitrage strategy to make a few bucks, if they have access to these new warrants. (i.e. If I were one of these lucky ones being offered warrants at $52 dollars, I would short the stock at $60 today... knowing that I would have a guaranteed buy-back at $52... thus, I would lock-in a guaranteed $8.00 profit with no market risk. It's a No-brainer. 4) On the other hand, if I want to take market risk, I could buy more at $60, knowing that the stock could reach that $100 target soon...; and if enough arbitrage plays take place, and managers short at $60.., I may even be able to buy-in at lower than $60... on Monday... I am putting a large bid at $55.00 and see what happens.
How can you lose with this stock?
Finally, to the person who brough up the subject of Capital Gains taxes in the next budget... it better be true. But in my opinion it's no where near to what Martin should be doing if he wants to help this country. The taxable portion used to be 50% of the capital gains a few years ago, before they jacked it up to 75%.... In the US, they are talking about reducing taxes on Capital Gains down to 10%. No wonder, their economy is on fire.