A humorous look at the companies that caught our eye, for better or worse, this week
The three stages of owning Apple:
1) Denial that the price has plunged 28 per cent from its peak;
2) Anger that you didn’t sell sooner;
3) Acceptance that the price isn’t going back to $700 any time soon, no matter what analysts’ targets say.
With Android devices gaining share and the iPhone 5 getting a lukewarm reception in China, many investors have moved on to stage four: Sell!
In what will absolutely, positively be the last time Canada allows a foreign government to take control of an oil sands producer – unless there’s an “exceptional circumstance” – Ottawa approved the $15.4-billion takeover of Nexen by China’s state-owned energy giant CNOOC. Got that China? No more deals like this one. Ever. Unless it’s an “exceptional circumstance.”
Spider-Man, Spider-Man, does whatever a spider can – including lifting shares of Coinstar. The operator of Redbox DVD rental machines has enjoyed higher sales in recent weeks thanks to hits such as The Amazing Spider-Man and Men in Black 3, prompting at least one analyst to upgrade the stock to “outperform.” With a video streaming service launching later this month in partnership with Verizon, Coinstar could soon be spinning even more profits.
Shares of Sears Canada rose this week because:
a) China’s state-owned retailer, Golden Dragon Trading Co. & Noodle House, tabled an offer for the department store chain;
b) Sears Canada offered a $1,000 shopping spree to shareholders who invest before Dec. 31;
c) The company announced a special dividend of $1.
Actual technical analysts’ comments on U.S. Steel:
“United States Steel has been squeezed into the tip of a converging wedge shape”;
“Shares of United States Steel crossed above their 200-day moving average”;
“United States Steel has been coiling in a symmetrical-triangle consolidation for the last six months.”
Also, if you look carefully at the chart, you can make out a picture of a kitty cat.