Turkey has huge potential but risk to match

The Republic of Turkey has a large economy that’s grown by an average of 4.7% per year for the past two decades. However, recent political turmoil has wreaked havoc on the currency, which has in turn pushed interest rates to punishing heights. Investing in Turkey… Read More

Baffinland bidders unite

BAFFINLAND IRON MINES $1.51 (Toronto symbol BIM; TSINetwork Rating: Start-up) (416-364-8820; www.baffinland.com; Shares outstanding: 343.1 million; Market cap: $518.1 million; No dividends paid) is now the subject of a joint takeover bid. Luxembourg-based ArcelorMittal, the world’s largest steelmaker, and rival bidder Nunavut Iron Ore Acquisition… Read More

New bid for Baffinland

BAFFINLAND IRON MINES $1.16 (Toronto symbol BIM; SI Rating: Start-up) (416-364-8820; www.baffinland.com; Shares outstanding: 343.1 million; Market cap: $398.0 million; No dividends paid) has received a friendly $1.10 a share takeover offer from Luxembourg-based Arcelor-Mittal, the world’s largest steelmaker. Baffinland recently rejected a hostile, $0.80-per-share… Read More