Canadian-under $3.00 Stock-Picking Challenge Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: hx4 who wrote (4586)	11/5/2001 6:51:01 AM
From: Al Collard	of 11802

BI-t...in the news. NP says Tanguay exit news clobbers BCI stock Bell Canada International Inc BI Mon 5 Nov 2001 In the News Also BCE Inc (BCE) The National Post reports in its Saturday, Nov. 3, edition that Bell Canada International tumbled by as much as 25 per cent after the Montreal-based company announced a change at the helm. The Post's Jason Chow writes that late on Thursday, BCI said its chairman, William Anderson, would be replacing retiring chief executive officer Louis Tanguay. Investors took the announcement as a sign that more troubles were around the corner. BCI stock hit a new 52-week intraday low of $1.44 before ending the day down 25 cents or 13 per cent to $1.68 on the Toronto Stock Exchange Friday. Already, the stock has tumbled 94 per cent since the beginning of the year, and is trading at just a fraction of its all-time high of $47.50 reached in March, 2000. BCI invests primarily in Latin America and has been plagued by financing problems for months. UBS Warburg analyst Stuart Isherwood says the management change was more symbolic of BCI's turmoil than a sign of more troubles ahead. Mr. Isherwood has a "hold" rating on the stock. He says nothing has really changed at BCI. "They replaced the CEO with the person who was the chairman." BCI is majority owned by BCE.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next