TSX:CUS.DB.D - Post by User
Post by
mikoola72on Apr 05, 2014 6:03pm
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Post# 22416397
Canexus mentioned on BNN April 4 Market Call
Canexus mentioned on BNN April 4 Market CallWhat some in the analyst community are thinking. Canexus Corp CUS-T Genevieve Roch-Decter (A Top Pick May 23/13. Down 43.1%.) Sold her holdings at around $6. This was a chemical company, paying out a high dividend and paying out most of their cash flow. They wanted to get into the “crude by rail” business and had to raise quite a bit of capital to do it. Had some cost overruns and part of their chemical business weakened. Management did a horrible job of communicating with the marketplace.