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Financial ground shifts beneath would-be retirees
Fred Penney makes it clear that he has no plans to retire. The business owner based in Grand Falls-Windsor, Nfld., wants to work well into his 60s or longer. “My father is still active in the business and he’s 69,” says the 45-year-old vice-president of Labrador Concrete Products.
However, Mr. Penney is still saving for his golden years. While he may not want to spend all his time lounging...
Low stock prices whet M&A players’ appetites
When Mike Ser saw the price of Research In Motion Ltd. fall about 14 per cent in early May, he pounced on the stock.
The Toronto-based trader didn’t buy the company because he thinks it will bounce back. On the contrary, it’s the poor performance that’s attractive. The low stock price, he says, makes it ripe for a takeover.
Mr. Ser has a history of buying companies for the takeover potential....
How to expand ‘St. Party’s Day’ brand
Toronto-based events company Oxford Beach puts on more than 250 affairs a year, but a big chunk of its revenues come from one massive shindig: its “St. Party’s Day” event.
That’s St. Party’s, not St. Paddy’s, and it’s a deliberate takeoff for St. Patrick’s Day.
Created two years ago by Oxford Beach founder Billy Hennessy, the event occurs on St. Paddy’s...
Higher resource prices lead to more deals done
This has been a busy year for Brian Pukier, a partner with law firm Stikeman Elliott LLP and head of its Toronto mergers and acquisitions group. After a slow summer last year, the M&A space is finally back to normal, he says. “We’d always like more deals, but our firm is keeping busy,” he says.
Mr. Pukier’s firm does a lot of work in the resource space; he’s seen a lot of deals...
Can biking tour firm expand without diluting its brand?
For 16 years, Toronto-based Sacred Rides Mountain Bike Adventures has specialized in giving experienced mountain bikers a trip of a lifetime.
But it’s a limited market. To keep growing, the company’s founder and president, Mike Brcic, is for the first time considering offering its services to more novice riders.
His concern: How to expand beyond his niche without diluting the brand and reputation...
Bryan Borzykowski is a Toronto-based writer and editor working mainly for business publications. He writes for the New York Times, Canadian Business magazine, Globe and Mail, Bloomberg Businessweek Custom Publishing, Toronto Star, MoneySense and more. Bryan's the editor of Review magazine and is a senior editor with Connected for Business magazine. He's also a contributing writer with Hello! Canada and was once a weekly music columnist for Metro News. He's been nominated for several National Magazine Awards and he's co-authored