CanWest stock woes
Reported the Globe’s Report on Business: “The struggling stock of CanWest Global Communications Corp. [CGS-T] is poised to suffer another blow – deletion from Canada’s benchmark stock index.”
The Globe noted that Standard & Poor will soon announce quarterly revisions to the S&P/TSX composite index, and “CanWest’s market capitalization as of the end of August appears below the criterion for continued inclusion in the index, according to UBS Securities Canada Inc. strategist Garry Cooper. If his calculations hold true, CanWest would disappear from the closely watched index as of the end of trading on Sept. 19.”
If CanWest is dropped it may be partly symbolic — but also a symptom of the media struggle with change and CanWest’s massive media management strategies.
Reported the Globe’s Report on Business: “The struggling stock of CanWest Global Communications Corp. [CGS-T] is poised to suffer another blow – deletion from Canada’s benchmark stock index.”
The Globe noted that Standard & Poor will soon announce quarterly revisions to the S&P/TSX composite index, and “CanWest’s market capitalization as of the end of August appears below the criterion for continued inclusion in the index, according to UBS Securities Canada Inc. strategist Garry Cooper. If his calculations hold true, CanWest would disappear from the closely watched index as of the end of trading on Sept. 19.”
If CanWest is dropped it may be partly symbolic — but also a symptom of the media struggle with change and CanWest’s massive media management strategies.
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