The Successful Investor Hotline – Friday, March 20, 2009

GENNUM CORP., $3.65, Toronto symbol GND, has agreed to buy Ottawa-based Tundra Semiconductor Corp. (Toronto symbol TUN).

Gennum makes equipment that lets TV broadcasters store, manipulate and transport video signals without losing picture quality. Like Tundra, it also makes chips and other components for computer-networking… Read More

The Successful Investor Hotline – Friday, February 27, 2009

NOVA CHEMICALS CORP., $7.03, Toronto symbol NCX, has accepted a friendly takeover offer from International Petroleum Investment Co., which is owned by the government of Abu Dhabi (Abu Dhabi is the capital city of the United Arab Emirates.) Nova shareholders will get $6.00 U.S. a.. Read More

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

The Successful Investor Hotline – Friday, February 6, 2009

NOVA CHEMICALS CORP., $1.99, Toronto symbol NCX, fell sharply after it renegotiated the conditions of its lending agreements. To avoid breaching certain covenants, which would require Nova to repay all of its loans immediately, the company must now raise $100 million U.S. in new financing… Read More

The Successful Investor Hotline – Friday, January 23, 2009

NOVA CHEMICALS CORP., $4.76, Toronto symbol NCX, fell 20% this week on fears that the credit crisis will hurt its ability to refinance part of its debt, particularly as the slowing economy has lowered demand for its industrial plastics.

Nova’s long-term debt at September 30, 2008… 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