I haven't been looking at Canwest's ticker price much lately. I have been following its restructuring. Essentially, the bond holders now effectively control Canwest but have not mucked out the Aspers and their toadies...yet. Once that's done, the break-up and sell-off begins.
But my old fishin' buddy Warren Kinsella did check, and found Canwest's stock price hit a new all-time low of 13 cents on Friday.
But, to all the people who think I have been too hard on Canwest (I pointed out $6 ago that this company was fucked), there's a silver lining. Canwest has bounced back by a full 7%! It's now 14 cents!
Meanwhile, the Globe's staff has voted to strike on June 30.
My bet: the union will cave, the way the Ottawa Citizen's union did last summer. A strike would be insane, even if it is justified.