The 315% Indicator

partly because so many commentators are talking about the risk of a 1930s-style depression.

That kind of talk is common in any deep stock market setback. But this time it’s closer to home, due to plunging house prices and the troubles of the auto industry.

To top… Read More

Lower Capital Spending Will Help Nova

NOVA CHEMICALS CORP. $5.44 (Toronto symbol NCX; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 83.2 million; Market cap: $452.6 million; SI Rating: Extra risk) expects to spend $160 million U.S. on capital upgrades in 2008, down from its original target of up to… Read More

Lower costs give Nova an edge

Nova Chemicals Corp. $26 (Toronto symbol NCX Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 83.1 million; Market cap: $2.2 billion; SI Rating: Extra risk) earned $0.21 a share (total $18 million) in the second quarter of 2008, down 78.1% from $0.96 a share… Read More