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Canadian Investing / Canada (General)


Subject:  PWE slump Date:  11/14/2012  2:53 AM
Author:  whitethroat Number:  63061 of 64608

Any thoughts on recent developments at PWE?

At first I was surprised that certain people were fired whom the CEO often praised during conference calls, but then it seemed clear that the board was responsible, and that there had not been any scandal. One of the reasons for my original purchase was the Murray Edwards connection, so I figure the board is probably made up of high quality people. I bought a few more shares. With any luck things will improve.

PWE has not done as well as I had hoped it would since the Oct tax massacre.

(The Murray Edwards strategy may be a stupid one, but it worked like a dream with Imperial Metals.)
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