RE:RE:RE:General update
mjh9413 wrote: Maplak your comment reminds me of Calian Tech where CEO left and company went downhill. Once he came back government contracts blossomed again.
As to EIF, politician or no. I do like the company but find it is a trading stock more than treated as value. Still, am mainly watching to see trend thru to June 25th when, if enacted, new Capital Gains regs will be in place. It has been such a short period since Freeland and the "NDP" government put this to a vote that its impact is still being assessed.
A US company stated this will be a strong period for aircraft engines (though not certain of the scope of the comment) but isn't that good for EIF. Eelse I see EIF doing further acquisition(s) to grow and not to sure about continuation of its overall organic growth following such a good qtr.
Comments anyone?
Lol. Speaking of politicians involved in companies. I will post the link since I was a part of it at that time. Stock was trading around $3. When USA market collapsed 2007 Consolided Thomson dropped to $1. I started to buy when I found out politician Tobin got involved. CEO Quesnel got charged for illegal trading and had to step down as Tobin became CEO. Thanks to Chrtien connections in CHINA they got financing from Chinese steel maker Wuhan. Entire stock was taken over for $17.25 when my average was around $ 3-5 . Made good money back then.
https://nationalpost.com/news/incredible-synergies-in-cliffs-consolidated-thompson-deal-tobin