There is something to be said about investing in small cap companies. The g factor or growth. It is likely easier for a $25M company to become a $100M company than for a $50B company to become a $200B company. Smaller companies with good growth prospects can make excellent investments provided the right candidates are meticulously selected. I recently spoke to corporate consultant Joel Cohen from Montreal who said “A smaller company operating in a large industry does not need to capture a significant portion of that market in order to increase its value several times over. Provided that the company is innovative and has a good competitive edge, it can capture a small sometimes unnoticeable portion of a market while giving investors spectacular returns in the process.” Joel Cohen is a corporate finance executive based in Montreal who consults for companies mostly in the technology space on matters such as financing, corporate structuring, going public transactions and strategic growth. Joel Cohen also said that with the potential for higher returns comes higher risk, so it is important to perform a thorough due diligence before investing. One of those risks can be the inability of some of those companies to attract timely capital. This is one area where Joel Cohen can assist, “We offer our clients a vast array of services from preparing business plans and detailed financial projections to drafting and filing public company disclosure documents, assisting with corporate audits and working on growth strategies with our clients,” says Mr. Cohen, “This way our clients can rely on one group for their needs rather than having to go look for multiple service providers. We are selective though,” he adds, “and work with companies that we believe have significant potential for growth.” Recently one of Mr. Cohen’s clients ranked as a top IPO perfomer on the TSX venture. Joel Cohen holds a CFA (Chartered Financial Analyst) designation and has a bachelor of finance from Concordia University in Montreal and has lectured in business valuation in the McGill University MBA program in Montreal.
Joel Cohen Montreal :: Listed on IncListing.com
Joel Cohen Montreal :: Article on INC 1000.com
Joel Cohen Montreal :: Information on Professional Database Inc.com
In a sign that the recession may be lessening in its intensity or even receding (yes, we may be witnessing the recession of the recession, which might consequently be called the accession!), existing home sales have continued to rise, both in terms of raw numbers and percentages.
The housing sector got a shot in the arm Monday with existing home sales rising at a greater-than-expected rate during April. Though the boost was probably fueled by the federal government’s tax-credit deadline, some analysts believe that the recovery in the industry will continue, though there may be some pullback in the next few months.
On Monday the National Association of Realtors reported that existing home sales rose 7.6% in April to 5.8 million, from 5.4 million in March, ahead of Wall Street’s estimates of 5.6 million.
This should give the housing market a shot in the arm, though we still have a long way to go before housing prices reach the heights they were at in 06/07–though many industry experts have suggested we do not want prices to rise so high again, so soon.
Delta Airlines and US Airways have been trying to work out a deal for quite some time. They want to swap access to certain runways at Reagan International Airport in Washington D.C. and LaGuardia Airport in New York. However, the deal has been held up by federal regulators from the Department of Transportation, who say they are trying to prevent a monopoly from occurring.
Delta Air Lines Inc. and US Airways Group Inc. sought to win regulatory approval for their New York and Washington expansion plans by offering some takeoff and landing slots in the cities to four smaller carriers.AirTran Holdings Inc., Spirit Airlines Inc. and WestJet Airlines Ltd. would get as many as five slot pairs each from Delta at New York’s LaGuardia airport, while JetBlue Airways Corp. would receive access to Washington’s Reagan National from US Airways, according a Delta-US Airways statement yesterday.
One company is noticeably absent from the packages, Southwest. Is this because they are a competitor who is too strong? I’m curious.