Uber Makes Play for Grubhub. Why is This a Bad Deal?

Gran Colombia Gold Reveals Unsolicited Bid for Guyana Goldfields. What Will Happen With Silvercorp Waiting in the Wings?

Struggling Retailer Neiman Marcus Files for Bankruptcy as Coronavirus Hammers Department Stores. Are More Insolvencies to Come?

Mergers Up in the Air as COVID-19 Hits Asset Values. Which Deals are Getting Hit and Which Could Go Higher?

The Art of SPAC Arbitrage. A Discussion on One of the Fastest Growing Asset Classes.

-Green Acre's approach to cannabis investing and what part of the value chain they find most compelling

-Differences between private and public pot stock valuations

-Current turmoil in the public equity space and what may happen to many cannabis stocks

-Cannabis beverages and the future of cannabis consumption 

Mergers Re-Emerge as Silvercorp Announces $105 Million Acquisition of Guyana Goldfields. Are More Deals to Come?

Short Seller Launches Attack Against Merger Target Forescout Technologies. Does the Report Have Merit?

IPO Window Opens Back Up as Social Capital SPAC Completes Upsized $720 Million Initial Public Offering. Will We See More IPOs?

Private Equity Firm Sycamore Tries to Wriggle Out of Deal For Victoria’s Secret. Will the Gambit Work?

A Discussion of the Tough First Quarter for Private Equity and Where We Go From Here.

Trump’s Art of the Oil Deal. Will it Bring Balance to the Global Oil Market?

A Coronavirus Cure? Remdesivir Shows Promising Results in Clinical Trial.

A Discussion of 5 Reasons Why Merger Arbitrage Is A Must-Own Investment Strategy.

Airbnb in Trouble as it Withdraws IPO Plans and Completes a Distressed Financing. Will the Company Survive?

Not all Heroes Wear Capes: Jack Dorsey Pledges $1 Billion in Fight for Coronavirus Cure. 

Value Sucks Wind While Momentum Surges. A Discussion of March Factor Performance.

SoftBank Pulls $3 Billion WeWork Tender Offer. Why Did They Renege on the Deal?

Xerox Ends its Hostile Pursuit of Rival HP. Did This Acquisition Ever Stand a Chance?

Whiting Petroleum Files for Bankruptcy as the First Insolvency of the Oil-Price Crash. Is it the First Domino to Fall?

U.S Government Approves Historic $2 Trillion Stimulus Package. What’s in it? Is it Going to Work?

Endeavour Announces Acquisition of Semafo in $1 Billion Gold Mining Deal. Has the Coronavirus Affected M&A?

A Discussion on the Paradox of Choice: What to do When it Rains Gold

Central Banks do their Part in Fight Against COVID-19 by Implementing Substantial Monetary Stimulus. Will Quantitative Easing Work?

Market Volatility Creates Unprecedented Opportunity in Merger Arbitrage as Deals Continue to Get Done. What’s the Best Way to Capitalize on This?

Crude Oil Plummets as a Price War Breaks Out Between Saudi Arabia and Russia.What’s Next for the Energy Market?

Aon Announces Friendly Acquisition of Rival Willis Towers Watson in $30 Billion Deal. Is the Market Panic Affecting M&A?

Interest Rates Plunge to Record Lows as Global Markets Fear Recession

Xeros Launches Hostile Takeover Offer for Rival HP as M&A Activity Continues Despite Market Rout

Hedge Fund Elliott Management Unveils Shareholder Activist Campaign at Twitter merger

US Treasury Yields Hit New Lows as Investors Panic-Buy Safe Haven Securities. Should You be Buying Bonds Here?

Intuit Acquires Fintech Company Credit Karma for $7.1 Billion. What’s the Strategic Rationale? 

Berkshire Hathaway Releases Warren Buffett’s Annual Letter to Shareholders. What is Warren Thinking These Days?

Mutual Fund Companies Legg Mason and Franklin Resources Merge in a $6.5 Billion Deal. Why Are Traditional Asset Managers Rushing to Merge?

Real Estate Investment Firms Starlight and Kingsett to Acquire Northview Apartment REIT for $4.8 Billion. Why are Apartments in Such High Demand From Investors?

Domino’s Pizza Stock Surges 25% on Fourth Quarter Results. What Has Made it a Top Performing Stock?

U.S. Federal Trade Commission Cracks Down on M&A by the Largest Tech Companies. Will this Slow Deal Activity?

Simon Announces Acquisition of Taubman in a Mega-Mall Merger. Why are they Betting Big on Shopping Malls?

A Discussion on the Next Frontier in Investment Management: Alpha + Beta.

Mancal is one of the most successful private companies in Western Canada and is involved in industries including oil and gas exploration, mineral exploration, construction, real estate development, and venture capital and merchant banking.

Today we'll cover:

-Steve’s capital allocation strategy

-Top investment opportunities in today's environment

Intercontinental Exchange Makes Takeover Offer for eBay. Why Did the Market Hate this Deal?

Spotify Buys Podcast Company The Ringer. What’s the Strategic Rationale?

Value Stocks Stage Brief, Face-Ripping Rally. Is a New Cycle of Outperformance Set to Begin?

Volkswagen Makes Play for Navistar in a Bid to Consolidate the Trucking Industry. What’s Their M&A Strategy?

Casino Operator Penn National Invests $136 Million in Sports Media Brand Barstool Sports. What Makes the Deal Structure so Interesting?

Amazon Rejoins the $1-Trillion Market Cap Club as its Stock Hits a New All-Time High. Why Did the Shares Rally?

-investment opportunities, career tips for entrepreneurs, how he supports entrepreneurship and start-ups;

-his view on how to define success;

-his keys to success in business as well as in life

Xerox Plans Proxy Battle to Take Control of Rival HP. What is Their Goal?

Tesla’s Market Capitalization Hits $100 Billion to Become the Second Most Valuable Auto Group. Why Has the Stock Tripled?

Bank of Canada Leaves Door Open for a Rate Cut. What Does the Market Think?

Recent IPO Troubles Don’t Spook Casper as Mattress Company Files for IPO. Should Investors Ghost this Deal?

U.S. and China Strike Phase One Trade Deal. What Does the Agreement Entail?

Visa Acquires Fintech Startup Plaid for $5.3 Billion. What’s the Strategic Rationale?

HP Rejects Xerox Approach After Financing Secured. What’s Next?

Softbank’s Vision Fund Continues to Struggle After Zume Pizza Crumbles. Does This Call into Question its Investment Process?

Jobs: Canada Beats While U.S. Misses. What’s the Story Behind the Numbers?

WESCO Starts Bidding War for Anixter, Topping PE Firm CD&R. How High Can it Go?

Satellite Company MDA Sells to Canadian Investor Group for $1 Billion. Why are They Buying It?

U.S. Military Kills Iran’s Powerful Military Commander Qasem Soleimani by Air Strike in Iraq. What Are the Market Implications?

Legendary Central Banker Paul Volcker Passes Away While BoC Governor Stephen Poloz Passes the Torch. Who’s Up Next at the Bank of Canada?

Saudi Aramco Hits 2 Trillion Valuation After IPO. Was its Price Manipulated?

Boris Johnson Wins UK Election, Declaring Brexit a Certainty. But Will it Actually Happen This Time?

A Discussion on Why Merger Arbitrage Deserves a Spot in Investor Portfolios.

Canada Records the Worst Jobs Figures in 10 Years. What’s the Story Behind the Numbers?

The World’s Largest Company Goes Public. Why Did the Shares Price so High?

A Discussion on Short Selling: For Intelligent Investors or Deranged Masochists?

Catalyst Capital Lobs $11.00 Per Share Offer for Hudson’s Bay, Topping the Chairman’s $10.30 bid. Will This Put the Company in Play?

Kirkland Lake Gold Agrees to Buy Detour Gold in $4.9 Billion Deal. Why Did its Stock Drop so Much?

LVMH Raises Offer for Tiffany’s and Clinches Deal. By How Much Did They Need to Bump Their Bid?

Former Uber CEO Travis Kalanick Sells Nearly $1.5 Billion of Uber Shares as the IPO Lock-Up Expires. Why’s He Selling?

The “Big Short 2.0”: Carl Icahn Bets Big Against Shopping Malls. Will it Pay Off for the Billionaire?

Hedge Fund Legend Louis Bacon Shutters Hedge Fund Moore Capital After a 30-Year Run. Was he the Last of a Dying Breed of Non-Systematic Managers?

Apollo Tees Up the Largest Leveraged Buyout of the Year with $5.4 Billion Tech Data Acquisition. Why is it Trading at a Premium?

Canada’s Open Text Continues its Consolidation Strategy with Acquisition of Data-Protection Firm Carbonite. What’s the Strategic Rationale?

Apartment REIT Continuum Scraps IPO and Sells to Starlight Instead for $1.7 Billion. Why Did They Sell to Private Equity?

Walgreens Considers Going Private in the Largest Leveraged Buyout of All Time. What are the Chances of it Happening?

GFL Environmental’s IPO Flops. Why Did They Pull the Deal?

Saudi Aramco Launches Much Anticipated IPO. Should Investors Buy the Stock?

A Review of October Factor Performance

French Luxury Giant LVMH Makes Play for Tiffany & Co. Does this Unsolicited Proposal Have a Shot?

Canfor Strikes Friendly Deal at Same Price as Previous Unsolicited Offer. Why Did the Board Settle? 

Federal Reserve Cuts Rates as Bank of Canada Holds Steady. Why the Divergence in Monetary Policy?

Hudson’s Bay Strikes a Friendly Go-Private Deal as Insiders Bump Their Bid by 9%. But will it be Enough for the Shareholder Activists?

Pension Funds Acquire AltaGas Canada for $1.7 Billion. Why are Pension Funds Owning Infrastructure Assets?

A Discussion on Why Merger Arbitrage is a Great Fixed Income Alternative with the Merger Yield at 5.7%.

Charles Schwab to Allow Investors to Trade Fractional Shares. But Will Individual Investors Benefit?

Alexion Announces Acquisition of Achillion in $930 Million Biotech Deal. What Makes This Deal Unique?

UK and European Union Reach Deal on Brexit. Is Brexit Finally Going to Happen?

Greece Sells Bonds at a Negative Yield. Should Investors be Buying?

Brookfield Sells North American Palladium to South African Firm in Unusual Deal. What Makes the Deal so Interesting?

QE4? The Fed Restarts Asset Purchases in Bid to Placate Money Markets. Why did they do it?

A Discussion on September Factor Performance.

U.S. PMI Falls Below 50 in an Ominous Sign for the Global Economy. Is a Recession Imminent?

FanDuel Owner Pushes All-In with its $6 Billion Acquisition of PokerStars Parent. What’s the Strategic Rationale?

LBO Hot Potato Continues as Great Wolf Resorts Bought by a Third Leveraged Buyout Firm. Can Private Equity Still Add Value?

A Discussion on Why You Shouldn't Invest in Money-Losing Companies

UFC-Owner Endeavor Pulls IPO Amidst Lackluster Demand. Why Did its IPO Flop?

WeWork CEO Fires Himself After Investors Lose Confidence in the Co-Working Company’s Leader. What Led to His Downfall?

Altria and Philip Morris Call off Merger Talks as Vaping Crisis Hits Juul. Why Did the Deal Fall Apart?

Attack on Saudi Oil Infrastructure Takes 5% of Global Production Offline. What are the Implications?

WeWork Delays its Highly Controversial IPO. Why Did it Flop?

A Divided Fed Cuts Interest Rates as the Stock Market Nears New Highs. Why Were Some Members Against the Rate Cut?

A Discussion of the Great Short Squeeze of 2019.

Business Legend T Boone Pickens Dies at 91. What Made Him so Notable?

Hong Kong Stock Exchange Goes Hostile for the London Stock Exchange. Why is this Potential Deal so Interesting?

ECB Cuts Rates and Restarts Quantitative Easing. Why did they do it?

It’s a Momentum World and You’re Just Living in it. A Discussion of August Factor Performance.

Brexit Drama Reaches Comedic Levels as PM Boris Johnson Faces Defeat. Is Brexit Ever Going to Happen?

Investors Balk at WeWork’s IPO as it’s Forced to Slash its Valuation. Will They Scrap the Whole Thing?

NBA Considers Creating an Investment Fund to Hold Stakes in Pro Basketball Teams. Should You Become an Owner?

Tobacco Companies Philip Morris and Altria Confirm Merger Talks. What’s the Catalyst Behind This Deal?

Cycling Equipment Company Peloton Reveals Plans for IPO. Should Investors Buy it?

China De-Escalates Trade War as it Indicates it won’t Retaliate on New U.S. Tariffs. What Happens Next?

A Discussion on the Underperformance of Small Cap Stocks.

China Fires Back With Additional $75 Billion of Tariffs on U.S. Goods. Why Are They Escalating the Trade War?

U.S. PMI Falls Below 50 , Signalling Manufacturing Decline for the First Time Since 2009. What’s Driving This Slowdown?

VMWare Announces Acquisitions of Pivotal and Carbon Black. Why Did They Do These Deals?

What Should Long-Term Investors Do About The Yield Curve Inversion?

Office Space Company WeWork Unveils Paperwork For its IPO. How Do Its Financials Look?

CBS Announces $30 Billion Merger With Former Subsidiary Viacom. What Was The Strategic Rationale?

U.S. Looks To De-escalate Trade War With China As it Delays Some Tariffs On Chinese Goods. What Is Their Strategy?

Air Canada Raises Its Friendly Offer For Transat By 38% From $520 Million to $720 Million. Why The Massive Increase In Purchase Price?

Crude Oil Hits Seven-Month Low as Trade War Slows Economic Activity. What’s Driving the Price Action?

Disney Bundles Disney+, Hulu and ESPN+ at $12.99 in a Challenge to Netflix. Will it Work?

A Conversation About July Factor Performance. Which Factors Produced Alpha?

Federal Reserve Cuts Rates by 0.25%. What Did The Market Think?

Beyond Meat Insiders Cash Out Of Stock In Droves. How Should Investors Interpret This?

London Stock Exchange Strikes Deal To Acquire Refinitiv. Why Did LSE’s Stock Price Rally By More Than 20%?

A Discussion On Merger Arbitrage: A Strategy For Consistent Profits In The Market

CannTrust CEO Fired And Chairman Resigns As Scandal At The Cannabis Firm Deepens. What Happens Now?

U.S. Economy Grows At 2.1% In Q2, Beating Expectations. Is The Fed Still Going To Cut Rates?

ECB Signals Upcoming Rate Cut And Potential Relaunch Of Monetary Stimulus. Why Is More Stimulus Necessary? 

Regulator Opens Review Into Big Tech Firms’ Market Power. Why Is The Regulator Concerned?

Activist Hedge Fund Pershing Square Gets Tables Turned As Investor Unveils Activist Campaign At The Fund. What’s The Activist Looking To Achieve?

WeWork Founder Exits Stock To The Tune Of $700 Million Prior To IPO. Should Investors Be Concerned?

Symantec Shares Fall As Broadcom Pulls Bid. Why Did Talks Fall Apart?

The Trend Is Your Friend. A Discussion On Trend Investing

Can’t Trust CannTrust As Cannabis Firm Controversy Grows. What Did The Company Do Wrong? 

Fed Chair Sets The Stage For A July Rate Cut. Will It Be 0.25% or 0.50%?

Bank of Canada Holds Interest Rates Steady at 1.75%. What’s Next For Canada’s Central Bank?

Additional Activist Opposes Hudson’s Bay Go-Private Offer As Company Hires Advisors. What’s Next?

Group Mach Withdraws $14.00 Per Share Offer For Transat. Did Group Mach’s Bid Ever Have A Chance?

Canopy Growth Founder Bruce Linton Fired As CEO. Why Was He Ousted?

Loonie Hits 8-Month High As Canada Swings To Trade Surplus. Is The Loonie Rally Overdone?

Yields On European Bonds Hit New Lows As Christine Lagarde Nominated To Lead The ECB. Why Did The Market React So Favourably?

Additional Activist Takes Stake In Hudson’s Bay As Shareholders Continue Push For Higher Price. What Next?

Transat Accepts Friendly $520 Million Takeover From Air Canada. Is it a Done Deal? 

Eldorado Resorts To Acquire Caesars Entertainment in $17.3 Billion Deal. Why Did it Happen?

Stocks With a “Hot Hand” – A Discussion of Investing with Operating Momentum

Facebook Announces Its Libra Cryptocurrency. But Is Libra Really A Cryptocurrency?

Slack Goes Public Through Direct Listing, Defying Convention. Why Didn’t It Pursue A Traditional IPO?

Activist Skewers HBC As It Seeks A Substantial Increase In The Go-Private Offer. What Is Fair Value?

A Discussion On Quality Investing. Does It Actually Work?

Online Pet Supply Retailer Chewy Soars Nearly 90% In Its IPO. Does Its Valuation Make Sense?

China’s Industrial Output Growth Slows To 17-Year Low. Is China Losing The Trade War?

Investors Seek To Take Retailer Hudson’s Bay Co. Private. Are Shareholders Getting A Fair Price?

Messaging App Startup Kik Interactive Sued By SEC Over $100 Million Cryptocurrency Offering. What Did They Do Wrong?

Canadian Unemployment Rate Hits Record Low As Canadian Economy Added More Jobs Than Expected In May. But Is The Economy Healthy?

U.S. Jobs Disappoint As The Economy Only Adds 75,000 Jobs In May. What Happened?

Transat Gets An Overbid From A Real Estate Developer. Is This A Legitimate Bid?

Carl Icahn Launches Activist Campaign On Occidental. Is the Anadarko Deal At Risk?

China Digs In Its Heels As It Threatens To Restrict Rare Earth Exports. What Happens Next?

T-Mobile and Sprint Look To Land DOJ Approval For Their Merger. What Are They Proposing?

Hedge Fund legend David Tepper Retires. What Happens To His Firm Appaloosa?

Google Suspends Huawei from its Android Platform as U.S.-China Relations Worsen. Where Does Huawei Go From Here?

FCC Chairman Recommends Approval of T-Mobile’s Acquisition of Sprint. Is This Deal Going To Close?

What Happens When We Combine The Value And Momentum Factors?

Air Canada Bids For Air Transat And Puts The Company In Play. Hows Does The Quebec Government Play a Role In The Deal?

Chinese Economic Data Slows in April. What’s Behind The Numbers?

Trump Moves to Isolate Huawei as he Bans it From U.S. 5G Networks. How Does This Fit Into the US-China Tradewar?

A Discussion of AlphaRank, Which Represents Accelerate's Equity Ranking According To Its Proprietary Multi-factor Model

Occidental Wins The Anadarko Takeover Battle As Chevron Bows Out. But Did They Suffer The Winner’s Curse?

Canada Reports Blowout Jobs Numbers With Its Biggest Gain On Record. Take a Look At The Numbers.

Uber IPO Fizzles As It Drops Below Its Listing Price. How Low Can It Go?

Why You Should Pay Attention To Share Buybacks Not Dividends

Beyond Meat Sizzles in Stock Market Debut. How Does the Stock Stack Up?

U.S. Job Gains in April Exceed Forecasts as Unemployment Rate Falls to Lowest Since 1969. Can the Economy Get Any Better?

The Fed Holds Rates Steady as Powell Claims Inflation “Transitory”. What’s the Fed’s Next Step?

Occidental Announces Hostile Bid For Anadarko, Setting Stage For Bidding War With Chevron. What Happens Next?

Bank of Canada Holds Rates Steady. What Is Their Next Move?

US Q1 GDP Beats Estimates. What do the Numbers Mean?

The Private Equity Mirage: How to Replicate Private Equity With Liquid Public Securities

China economic growth stabilizes. Is it smooth sailing from here?

Canopy Growth to buy Acreage in $3.4 billion acquisition. What makes this deal unique?

Qualcomm shares rise +40% on the week. What happened?

Why is it bad to invest based solely on dividends?

Uber files for IPO. Should you buy the stock?

Saudi Aramco issues $12 billion in bonds amidst $100 billion in demand. What did the market think?

Chevron to buy Anadarko in $50 billion energy deal. Is there more to come?

FOMC minutes released. What’s the next move for the Fed?

The magazine indicator just flashed red. Time to sell everything or nah?

Mixed jobs reports in Canada and the U.S. How to interpret the numbers.

Tesla first quarter disappoints. Can Musk get it back on track?

Andreessen Horowitz converts into a financial advisor. Will other VCs follow?

A discussion on the future of value investing, including why cash flow measures are superior to liquidation values.

LYFT goes public. Now what?

Apple expands its services offering. Why are they getting into TV, finance, gaming and news?

Schwab slashes financial advisor fee to $30 per month. Is this changing the game?

Brexit update. Will this unmitigated disaster ever end?

A discussion on various stock market timing signals including CAPE, dividend yield, Baltic Dry index, market cap to GDP and the yield curve.

IPOs: A great buy or is It Probably Overpriced?

Canadian banks: Is it time to go short?

Fed stands pat on rates: Where to from here?

Discussion: The Danger of Return Targeting

Oaktree goes BAM. Did Howard Marks just call a market top?

Boeing 737 aircraft suffers tragic crash. What are the implications?

HEXO acquires Newstrike in $260 million deal. More to come? 

No hard Brexit. Does anyone know what’s going on?

Discussion: 52-week high investing 

Jobs, jobs jobs! Canada vs U.S. head-to-head analysis of February job gains.

China exports tumble. Who’s winning the trade war?

Facebook pivoting to privacy? Yeah right!

Barrick and Newmont pursuing joint venture. Was the hostile bid just a ploy?

Norwegian SWF dumping oil stocks. Does this present an opportunity?

WeWork or WePlay?

Bank of Canada holds rates steady, blaming recent economic slowdown.

Questions: What is your outlook on interest rates?

Q4 GDP growth figures and their implications for interest rates.

Wilson-Raubould testimony and its potential effect on TSX returns and the Canadian economy.

Chinese tariffs and where the trade war is heading.

Salient points from Warren Buffett’s annual letter to shareholders.

Barrick’s hostile bid for Newmont and why it’s unusual.

LYFT’s upcoming IPO and its financial performance.

How multi-billion-dollar endowments are investing their money.

Barrick Bluffs Newmont

PMO SNC Scandal

Walmart's Blowout Q4 Results

Fed's Balance Sheet Plans

Value Funds Aren't Value

Investor Dr. Herbie Wertheim

Blog: Innovators, Imitators and Idiots

Question: What's Arbitrage?