Wow — with news that neither Macquarie nor CVC Asia Pacific is making a bid on Sino-Forest, something makes me wonder if my initial concerns — principally the high debtload — about the company were right? What did those two investing firms discover that made them lose interest in bidding? Welcome to the wild and wooly world of stock investing, where well-timed rumour and innuendo can play havoc.
A Canadian on Wall Street
An inveterate Canadian iconoclast casts an eye on the markets.
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