The Coz,
"Nepotism" in business is common. I can certainly see CGI somehow benefit from this union.
However, and a big however, IMHO I do not think that this is our Holy Grail. Canadian companies listed in the US generally attract very little attention. BCE for instance, with a market cap of $25BB, has an average daily volume of 195,000 shares. GIB attracts less than 15,000 shares/day.
If we are looking for success in the United States, then the only way to achieve that success is through an acquisition of an American company. Furthermore, a privately held company will not suffice. To obtain the immediate recognition, or should I say greater valuation for our shares, the acquistion MUST be of a known publicly traded company.
At the risk of offending some readers, the identification to Canada must be downplayed. Don't ask me why Americans would respond negatively. All I know is that they do. We can break our heads trying to change their mentality at "eternum" or we simply accept it and take the money.
Good Luck to all,
SirVinny |
