BIGGEST LOSER
KGIC nee Loyalist was the worst performer on the Venture in 2015.
The stock was heavily touted but prior management demonstrated no discipline when it came to expense management.
A new boy with an impressive resume AND SCHOOL MANAGEMENT EXPERIENCE IN THE PRIVATE SECTOR is now CEO.
MacGregor and his pharma college has been around for a long time and this says a lot in the private sector coz if you can't manage your expenses, you're out of the game pretty quick.
Most of the credit for the distinction of being the biggest loser goes to Andrew Ryu.
Shant, however, is not spared.
His contributions also weighed heavily.
With a new mgmt team in place and a new year to boot, the potential is high for this being a turnaround story for 2016.
Of course, it's all about execution.
Time will tell....
Post says KGIC heads list of biggest losers in 2015
Ticker Symbol: C:LRN C:BBD C:TCK C:POU
Post says KGIC heads list of biggest losers in 2015
KGIC Inc (C:LRN)
Shares Issued 179,169,923
Last Close 12/29/2015 $0.03
Tuesday December 29 2015 - In the News
Also Bombardier Inc (C:BBD) In the News
Also Teck Resources Ltd (C:TCK) In the News
Also Paramount Resources Ltd (2) (C:POU) In the News
The Financial Post reports in its Saturday edition that from an aerial view, equity markets in Canada were a mess. The Post's Christina Pellegrini writes that the S&P/TSX Composite Index is down 11 per cent since January amid a decline in oil prices that has forced producers to terminate or delay projects, cut staffing and reduce spending. Likewise, the resource-heavy S&P/TSX Venture Composite Index plunged 28 per cent to record lows. If oil prices keep falling and household debtloads continue to run amok, the worst may be yet to come. The trophy for the worst-performing stock on the S&P/TSX goes to Calgary's Paramount Resources, whose shares lost 80.6 per cent of their value in the past 12 months. Paramount fell more than either embattled Bombardier (down 67 per cent) or Teck Resources (off 68 per cent). On the TSX-V, shares of educational company KGIC finished in last place, slumping 93.4 per cent. The renamed Loyalist Group Ltd. said this month that it can only continue as going concern if it can secure a source of additional financing. KGIC, the former darling of newsletter writer Fabrice Taylor, closed Tuesday at three cents, up half a cent.
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