Monday, February 02, 2009

Canwest Death Watch, part XLI

"Everything is on the table" as Canwest's bankers turn the screws today and the stock tumbles 16%.
I rather doubt there will be a lock-out at the Montreal Gazette. Canwest can't afford to lose the cash flow.

Make that a 2-day stock loss of about 20%.
Bay Street thinks Canwest isn't going to make it.

UPDATE

Canwest closed yesterday (Feb. 3) at 39 cents. It started the year at 90 cents, which was actually a rather interesting dead cat bounce after months of slowly declining, bottoming at 34 cents in the fall.
I suspect we'll see a new low soon.

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