Newbridge Networks 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.

Technology Stocks : Newbridge Networks

NN 13.69

-2.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: matt gray who wrote (6057)	8/21/1998 8:33:00 AM
From: MD Bryant	Read Replies (1) of 18016

I have to agree with Matt. A weak Canadian dollar may not do much for commodities traders or importers, but for exporters and investors it is an advantage. That said, however, keep in mind the Canadian $ is weak to the US$, but not to other global currencies. SO the advantage is on US Soil. The US currency is strong globally, and this will hurt US Based companies that need to be competetive outside their own turf. How does a low Canadian $ help you as an investor? Well lets say you bought NN on the US market when the C$ was at US .70. If you sold NN now (share price irrelevant in this example), since the C$ is at about .65 US, you would be returned more C$'s for your sale.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next