September 9, 2015

On Wednesday, the S&P 500 finished the day down 1.4% and Toronto was down 0.7%.

Bombardier was a notable gainer, up 23% on rumors that there was some offer for its rail transportation business which offer was rebuffed but might indicate they can get a decent price when they spin off part of that unit later this year. In some ways I would hate to see part of the company sold at a fire sale price but on the other hand anything that gets assets out of the hands of current management is a good thing especially for the employees and pensioners.

My next update will likely be for Alimentation Couche-Tard.