Ahh Canada - 2 out of 3 ain't bad Message Board

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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Cush who started this subject	8/7/2002 9:39:17 PM
From: Dexter Lives On	Read Replies (1) of 5144

Hi Cush, We're approaching phase II of the TSX Composite cleanup. Here's my hit list, in order of likelihood, of small cap stocks to be removed on the third Friday of September. This is based on the market cap size requirement of the new rules (I'm ignoring price and liquidity requirements) using the Index's aggregate market cap from 7/31 and using today's closing valuations for the individual stocks. The actual date of the measurement is 8/30 with announcement sometime in the first 10 business days of September. So from most likely (the first dozen are virtually assured) to least likely to be removed: BRT HML RND WIN PVTL-Q SW MSD CDV GLE KCA AOM MDZ.A LOR ELK COR SZ.A CRY DDS TUN TLC PSA BKB CNG IEX ATX VAS IFP.A RNO COG DMX ALE investdb.theglobeandmail.com Note that the last 8 probably don't qualify (as of today), but are at risk should they finish at a lower ranking. Currently the market cap has to be about $125M to stay in ($155M for the November test) but since these valuations vary this list's composition may change as we approach the date (though the above link should continue to identify the most likely "victims"). I had been watching KCA as I know it's one you think well of, but clearly it is headed for removal and this has probably helped weigh on the price. I'd be interested to know you're opinion of it after removal; I've seen a couple of studies that suggest stocks tend to outperform after removal (as well as underperform upon addition). Regards, Rob

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