GREY:ESOFD - Post by User
Comment by
bridgetonowhereon Nov 22, 2013 9:00pm
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Post# 21933978
RE:Canaccord says sell FCU and buy AMW
RE:Canaccord says sell FCU and buy AMWThe question that immediately springs to mind is Canaccord's decision to change their investment recommendation 5 trading days before the AMW/FCU merger. Moreover, Canaccord states that the valuation gap between AMW/FCU emerged after shareholders were notified of impending litigation in the information circulars, but anyone who has followed AMW/FCU knows that the valuation gap existed well before that. There were countless discussions on this very board regarding that very subject and Malcolm Shaw discussed it in an editorial he authored months ago. So I read Canaccord's report and can only wonder if their analyst hasn't been following AMW/FCU closely and only recently became aware of the valuation gap, or if Canaccord has their own agenda going into the merger.