A Good Time to Sell FPI

FPI LTD. $5.80 (Toronto symbol FPL; SI Rating: Extra Risk) fell to $4.05 a share in November 2005 over fears that Ottawa would impose new taxes on income trusts. The uncertainty forced FPI to suspend its trust conversion plan for its Ocean Cuisine International division,… Read More

Updating Dofasco Inc., Fairmont Hotels & Resorts, Inc., Toronto-Dominion Bank, Nova Chemicals Corp., Sleeman Breweries Ltd., Nortel Corp. and FPI Ltd.

DOFASCO INC. $71 (Toronto symbol DFS; SI Rating: Average) has accepted a $71.00-a-share takeover offer from Arcelor SA after rival bidder ThyssenKrupp AG decided not to match Arcelor’s offer. However, UK-based Mittal Steel Co. has launched a hostile takeover for Arcelor. Mittal’s bid for Arcelor… Read More