A humorous look at the companies that caught our eye, for better or worse, this week
Telus
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Ways that Telus T-T can fight back now that BCE is taking control of CTV: 1) Free “Dunk Lloyd Robertson” app with every iPhone; 2) Unlimited talk and text – plus all-you-can eat pizza and wings! 3) Sign up and win Darren Entwistle as a FaceBook friend forever. As the content wars heat up, shareholders are waiting to see how Telus responds. |
Smith & Wesson
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Ever had your gun jam when you're trying to shoot a defenseless animal? Shareholders of firearms maker Smith & Wesson SWHC-Q share your frustration. The stock misfired after first-quarter profit fell by half from a year earlier and the company gave a weaker-than-expected outlook for the second quarter, saying gun dealers are cutting back on orders. |
Biovail
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Job cuts may be bad for the people affected. But for investors – whoo hoo! Shareholders of Biovail BVF-T were doing high fives after the drug maker's proposed merger partner, California-based Valeant Pharmaceuticals, said the combined company could save $300-million (U.S.) by slashing 1,100 jobs, or about one-quarter of the total work force. B'bye! |
Casey's General Stores
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Working at a convenience store may not be a route to riches. But owning shares of a convenience store chain is – especially if it's Casey's CASY-Q. The Iowa-based company's stock soared on a report that 7-Eleven has made a $40-a-share offer, topping the hostile $38.50 bid from Quebec's Alimentation Couche-Tard. Beats getting held up at gunpoint. |
Skechers USA
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Skeptical that Skechers' SKX-N Shape-ups can actually “maximize calorie burn, improve circulation and strengthen your muscles,” as the company claims? You're not alone. Sales of the muscle-toning sneakers are slowing, leading to discounting and possible order cancellations, Susquehanna Financial said in downgrading the stock. |
