Comment from Globe&Mail Poseidon Concepts (PSN-TSX)
Close: $12, down 43¢
CIBC World Markets is initiating coverage on Poseidon Concepts Corp., which pays a juicy $1.08 a share dividend annually at current rates. CIBC sees rivals trying to win market share, and says the response by the maker of storage tanks for oil and gas exploration to new competitors "will be a key to sustainability over the medium term and support share price appreciation in the near term."