BAYSTREET RSS FEED en-us Copyright (c) 2014 Inc. All rights reserved. 9/30/2014 9:49:09 AM <![CDATA[Ceiba Energy "SPECULATIVE BUY"]]>Mon, 29 Sep 2014 11:01:31 EST<![CDATA[Gold retreats as U.S. dollar climbs ]]>Fri, 26 Sep 2014 12:00:00 EST, September 26, 2014

Gold retreats as U.S. dollar climbs

Gold prices pared gains on Friday as the dollar climbed after upbeat U.S. economic data, and as U.S. stocks opened slightly higher after a sharp fall.

Gold was headed for its first weekly gain in four, but barely, as the December futures contract dropped close to $5.00 U.S. to trade at $1,217.20 U.S. an ounce. December silver rose seven cents, or 0.4%, to $17.50 U.S. an ounce.

The American dollar kept up its momentum as data showed the U.S. economy grew 4.6% in the second quarter, on an annual basis, matching the best performance since the recession ended in mid-2009. Business investment also showed strong gains, the data showed. Dollar gains have been hacking away at precious metals.

Other metals were also hit, with December palladium dropping $3.05 to $797.70 U.S. an ounce, and October platinum falling $10.20 to $1,304 U.S. an ounce.

High-grade copper for December delivery was up one cent at $3.04 U.S. a pound.

<![CDATA[PayPal to split from eBay ]]>Tue, 30 Sep 2014 12:00:00 EST, September 30, 2014

PayPal to split from eBay

EBay said on Tuesday that it would spin off its PayPal payments unit into a separate publicly traded company, taking a step the activist hedge fund magnate Carl Icahn first demanded nine months ago.

The move will cleave eBay almost in half, separating it from the payments processor it acquired 12 years ago and built into a giant that generates almost half of the company’s revenue.

The spinoff is expected to be completed in the second half of 2015. John Donahoe, eBay’s current chief executive, will step down from that role once the separation is complete.

Corporate breakups have come into vogue in recent years, as companies have looked toward simplifying their businesses to please shareholders looking for more tightly focused operations. It has been a frequent demand by activist shareholders who buy positions in companies and call for changes aimed at driving up stock prices.

PayPal was a central focus of a lengthy battle between eBay and Icahn, who demanded a spinoff of the unit as a way to generate value for shareholders. Such a move, the hedge fund billionaire contended, would highlight PayPal’s own strengths while letting its management team and eBay’s focus on their own core businesses.

And creating a separate board for PayPal could help remove what Icahn argued were conflicts of interest with the payment processor’s parent.

<![CDATA[Economic Calendar]]>Tue, 30 Sep 2014 09:49:09 EST 2014


Wednesday, September 03, 2014 BoC Rate Announcement: 9:00am -- The Bank of Canada maintains its target for the overnight rate at 1%. ---
Thursday, September 04, 2014 Canadian international merchandise trade: 8:30am July Canada's merchandise exports increased 1.4% in July, while imports edged down 0.3%. As a result, Canada's trade surplus with the world widened from $1.8 billion in June to $2.6 billion in July. Canada's merchandise exports rose 1.1% in June, while imports declined 1.8%. As a result, Canada's trade surplus with the world widened from $576 million in May to $1.9 billion in June.
Friday, September 05, 2014 IVEY purchasing managers index: 10:00am Aug Western University’s IVEY Purchasing Managers’ Index stood at 50.9 by the end of August, down from July’s reading of 54.1, and the 51 reading in August of last year. Western University's Ivey Purchasing Managers Index (PMI) by the end of July 2014 stood at 54.1, compared to 46.9 in June, and 48.4 in July 2013.
Friday, September 05, 2014 Labour Force Survey: 7:00am Aug Employment was little changed in August and the unemployment rate remained at 7.0%. Compared with 12 months earlier, employment increased by 81,000 (+0.5%), mostly in part-time work. Over the same period, the total number of hours worked was virtually unchanged. Employment rose by 42,000 in July, the result of an increase in part-time work (+60,000). The unemployment rate declined 0.1 percentage points to 7.0%.
Monday, September 08, 2014 Building Permits: 8:30am July Canadian municipalities issued building permits worth $9.2 billion dollars in July, up 11.8% from June and the fourth consecutive monthly advance. Contractors took out building permits worth $8.0 billion in June, up 13.5% from May.
Tuesday, September 09, 2014 Housing Starts: 8:15am Aug Canada Mortgage and Housing Corp showed the seasonally adjusted annualized rate of housing starts slipped to 192,368 last month from a downwardly revised 199,813 units in July. Canada Mortgage and Housing Corp. says housing starts increased to a seasonally adjusted annual pace of 189,784 in July, compared with 185,952 in June.
Thursday, September 11, 2014 New Housing Price Index: 8:30am July The New Housing Price Index (NHPI) was unchanged in July, following a 0.2% increase in June. The New Housing Price Index rose 0.2% in June, up slightly from the 0.1% gain observed in May.
Monday, September 15, 2014 CREAstats - MLS sales: 8:30am Aug The average price of a Canadian home increased by more than 5% in the past year, according to the Canadian Real Estate Association, which adds the average home sold went for $398,618 in August. The Canadian Real Estate Association reported Friday morning that the number of home sales processed through the MLS® Systems of Canadian real estate Boards and Associations rose 0.8% on a month-over-month basis in July, marking the sixth consecutive monthly increase and the highest level for sales since March 2010.
Tuesday, September 16, 2014 Monthly Survey of Manufacturing: 8:30am July Canadian manufacturing sales increased 2.5% to $53.7 billion in July, largely as a result of higher sales in the transportation equipment and primary metal industries. Manufacturing sales rose 0.6% in June to $52.0 billion, the fifth gain in six months.
Thursday, September 18, 2014 Employment Insurance: 8:30am July The number of people receiving regular Employment Insurance benefits in July totalled 499,300, little changed from the previous month. Compared with 12 months earlier, the number of beneficiaries decreased 2.9% or 14,900. Following a decline in May, the number of people receiving regular Employment Insurance benefits was little changed in June at 501,900.
Thursday, September 18, 2014 Canada's International Transactions in securities: 8:30am July Canadian investors added $9.7 billion of foreign securities to their portfolios in July, the largest such investment since April 2007. Meanwhile, foreign investors acquired $5.3 billion of Canadian securities, mainly instruments from the corporate sector. Foreign investors reduced their holdings of Canadian securities by $1.1 billion in June, following investment totaling $31.6 billion over the previous two months. Meanwhile, Canadian investors continued their moderate investment in foreign securities by adding $2.0 billion to their portfolios in June.
Friday, September 19, 2014 Wholesale trade: 8:30am July Following three consecutive monthly gains, wholesale sales decreased 0.3% to $52.9 billion in July. Wholesale sales rose 0.6% to $53.0 billion in June, a third consecutive increase.
Friday, September 19, 2014 Consumer Price Index: 7:00am Aug Consumer prices rose 2.1% in the 12 months to August, matching the increase in July. On a seasonally adjusted monthly basis, the Consumer Price Index increased 0.1% in August, after decreasing 0.1% in July. Consumer prices rose 2.1% in the 12 months to July, following a 2.4% increase in June. On a seasonally-adjusted monthly basis, the Consumer Price Index decreased 0.1% in July, after rising 0.3% in June.
Tuesday, September 23, 2014 Retail Trade: 8:30am July Following six consecutive monthly gains, retail sales paused in July, edging down 0.1% to $42.5 billion. Retail sales rose for the sixth consecutive month, up 1.1% to $42.6 billion in June.
Tuesday, September 30, 2014 Industrial Product Price Index: 8:30am Aug The Industrial Product Price Index increased 0.2% in August, mainly because of higher prices for motorized and recreational vehicles. The Industrial Product Price Index declined 0.3% in July, mainly because of lower prices for energy and petroleum products.
Tuesday, September 30, 2014 Raw Materials Price Index: 8:30am Aug The Raw Materials Price Index declined 2.2%, largely as a result of lower prices for crude energy products. The Raw Materials Price Index declined 1.4%, largely as a result of lower prices for crude energy products.
Tuesday, September 30, 2014 GDP: 8:30am July Real gross domestic product was essentially unchanged in July, following six consecutive monthly gains. Real gross domestic product (GDP) rose 0.8% in the second quarter, following a 0.2% increase in the first quarter. This was the largest quarterly gain since the third quarter of 2011. On a monthly basis, real GDP by industry increased 0.3% in June.
<![CDATA[GDP unchanged in July ]]>Tue, 30 Sep 2014 12:00:00 EST unchanged in July

Canada's economy was essentially unchanged in July, Statistics Canada says, as a slowdown in the mining, and oil and gas industries was offset by an uptick in manufacturing and the public sector.

The flat showing was the first month without growth since the start of the year, the data agency said.

The mining, and oil and gas industry shrank by 1.5%. Manufacturing expanded by 1% and the public sector by 0.5%.

<![CDATA[Hong Kong slides to end September ]]>Tue, 30 Sep 2014 12:00:00 EST, September 30, 2014

Hong Kong slides to end September

Hong Kong’s stock market capped its worst month in more than two years Tuesday as pro-democracy protests in the city swelled again, while shares in Tokyo also fell in reaction to a weaker dollar and a decline in industrial production.

In Tokyo, the Nikkei 225 surrendered 137.12 points, or 0.8%, to 16,173.52, while the U.S. dollar traded at 109.34 against the Japanese yen, compared with ¥109.49 late Monday in New York.

The losses came after Japan’s industrial production unexpectedly fell 1.5% in August as consumption slowed following a sales tax increase. The decrease in output after adjustment for seasonal factors came after a 0.4% increase in July.

In Hong Kong, the Hang Seng Index plummeted 296.23 points, or 1.3%, to 22,932.98. The index lost 7.3% in September.

The Hong Kong dollar, which is loosely pegged to the U.S. dollar, on Tuesday hit 7.7692 against the greenback, the weakest level in more than two years. It recouped some losses and was last at HK$7.7669.

Pro-democracy demonstrations, which have drawn tens of thousands of protesters into the streets in recent days, further hurt sentiment that was already sagging under the weight of a slew of reports showing China’s economic growth was falling short of expectations.

The latest reading on Chinese manufacturing activity suggested growth remained sluggish. HSBC Holdings PLC and data provider Markit revising their reading on Chinese manufacturing activity for September to 50.2 — unchanged from August — and below its preliminary reading of 50.5.

Meanwhile, protesters in Hong Kong vowed to continue until their demands were met ahead of the start of China’s National Day holiday on Wednesday.


Shares on mainland China closed at their highest level in 19 months on Tuesday, the last trading day ahead of a weeklong holiday.

Shanghai’s CSI 300 index nicked ahead 3.19 points, or 0.1%, to 2,450.99.

Performance on the mainland has diverged from that in Hong Kong, which analysts attribute to the anticipated launch of a cross-market stock investment program that will channel as much as 300 billion yuan ($48.8 million U.S.) in funds into domestic Chinese shares.

The fourth plenum session of the 18th central committee of the Communist Party in October may also deliver more encouraging headlines about reforms, they say.

In other markets;

In Korea, the Kospi index inched down 6.51 points, or 0.3%, to 2,020.09

The Taiex index in Taiwan eked up 6.16 points, or 0.1%, to 8,966.92

In Singapore, the Straits Times STI Index dipped 12.98 points, or 0.4%, to 3,276.74

In New Zealand, the NZX 50 slipped 4.47 points, or 0.1%, to 5,255.04

Australia’s S&P/ASX 200 moved up 28.60 points, or 0.5%, to 5,292.81

<![CDATA[Americans step up spending]]>Tue, 30 Sep 2014 12:00:00 EST consumer spending accelerated in August, the government said on Monday, a positive sign for an economy that appears to be firing on nearly all cylinders.

The housing sector remains an exception, however, with a separate report showing Americans signed fewer contracts in August to purchase previously owned homes.

Nevertheless, the rise in household spending offered the latest suggestion that years of exceptionally low interest rates have finally pushed the economy into a higher gear.

Consumer spending rose 0.5% last month after being unchanged in July, the U.S. Commerce Department said. The growth in August was just above the median forecast in a poll of economists.

Even after adjusting for inflation, spending was 0.5% higher, the biggest gain since March. Growth in personal income ticked up 0.3%, in line with forecasts.

<![CDATA[IPO Center - TSX-V]]>Mon, 13 Jan 2014 12:00:00 EST Company Name Ticker Date RepliCel Life Sciences Inc. RP 13-01-2014 Cleantech Capital Inc. YES.P 14-01-2014 Jet Metal Corp. JET 20-01-2014 Reliance Resources Limited RI 22-01-2014 West African Resources Limited WAF 24-01-2014 Westcap Investments Corp. WI 12-02-2014 Sonde Resources Corp. SOQ 19-02-2014 QMX Gold Corporation QMX 20-02-2014 Knight Therapeutics Inc. GUD 28-02-2014 PC Gold Inc. PKL 11-03-2014 Silver Predator Corp. SPD 13-03-2014 Baja Mining Corp. BAJ 17-03-2014 IOU Financial Inc. IOU 17-03-2014 Rockefeller Hughes Corporation RHC 20-03-2014 Chrysalis Capital IX Corporation NYN 28-03-2014 Northern Sun Mining Corp. NSC 16-04-2014 Cliffside Capital Ltd. CEP 17-04-2014 Till Capital Ltd. TIL 24-04-2014 Redzone Resources Ltd. REZ 28-04-2014 Alabama Graphite Corp. ALP 05-05-2014 Jaguar Financial Corporation JFC 21-05-2014 Lingxian Capital Inc. LXC.P 23-05-2014 Tribute Pharmaceuticals Canada Inc. TRX 27-05-2014 Dataminers Capital Corp. DMC.P 29-05-2014 Transeastern Power Trust TEP.DB 02-06-2014 X-Terra Resources Inc. XTT 03-07-2014 Starlight U.S. Multi-Family (No.3) Core Fund SUS.UN 09-07-2014 Searchtech Ventures Inc. MJN.P 16-07-2014 Whiteknight Acquisitions III Inc. WKA 21-07-2014 Petro-Victory Energy Corp. VRY 24-07-2014 Geovic Mining Corp. GMC 28-07-2014 01 Communique Laboratory Inc. ONE 31-07-2014 Leucrotta Exploration Inc. LXE 19-08-2014 Cluny Capital Corp CLN 20-08-2014 Maestro Capital Corporation MCP 21-08-2014 Manera Capital Corp. MEA 28-08-2014 Mediterranean Resources Ltd. MNR 02-09-2014 Eastwood Bio-Medical Canada Inc. EBM 05-09-2014 Orletto Capital Inc. OLE 09-09-2014 Rodeo Capital III Corp. ROP 17-09-2014 Mira IV Acquisition Corp. MRY 24-09-2014 Xander Resources Inc. XND 25-09-2014]]><![CDATA[Markets could slide at open ]]>Tue, 30 Sep 2014 12:00:00 EST, September 30, 2014

08:46 AM EST
Markets could slide at open

GDP flat

Stock futures pointed to a modestly lower opening for Canada's main stock index on Tuesday, as investors pondered the monthly gross domestic product report for July.

The S&P/TSX composite index ended Monday lower by 49.85 points to 14,976.92. Futures were down 0.05% Tuesday.

The Canadian dollar dipped 0.05 cents to 89.52 cents U.S. early Friday.

TMX Group Ltd named Lou Eccleston as its new chief executive, the Toronto Stock Exchange operator said on Monday, after a lengthy global search to replace the retiring CEO Tom Kloet.

Acumen cut the price target on Black Diamond Group to $32.50 with a buy rating.

TD Securities resumes coverage on Concordia Healthcare Corp with buy rating

BMO raised the target price on Fortis Inc. to $36 from $34, with a market perform rating.

On the economic docket, Statistics Canada reported this morning that real gross domestic product was essentially unchanged in July, following six consecutive monthly gains.

The agency says notable growth in manufacturing and the public sector was offset by significant declines in mining and oil and gas extraction as well as in utilities.

The Industrial Product Price Index increased 0.2% in August, mainly because of higher prices for motorized and recreational vehicles.

The Raw Materials Price Index declined 2.2% last month, mostly as a result of lower prices for crude energy products.


The TSX Venture Exchange slid 6.66 points Monday to 912.76

It looks like the month of September could end with a whimper on U.S. markets.

Ahead of the opening bell, futures for the Dow Jones Industrials hiked 50 points, or 0.3%, to 17,030. Futures for the S&P 500 gained 6.25, or 0.3%, to 1,975.75, and futures for the NASDAQ bolted higher 21.5 points, or 0.5%, to 4,057.

The past month has been difficult for investors.

Ahead of the final trading day of the month, all the main U.S. indexes were in the red. The NASDAQ has been hurting the worst, down by about 1.6% over September. The S&P 500 also dropped by just over 1%.

Walgreens is the main company reporting earnings before the opening bell.

Economically speaking, the S&P/Case-Shiller home price index is set to come out at 9 a.m. ET. And the U.S. Conference Board will publish its monthly consumer confidence index at 10 a.m. ET.

Hong Kong's main stock market index, the Hang Seng, kept falling Tuesday as large pro-democracy protests show no signs of abating. The index has dropped for the past four trading days.

Given considerable uncertainty over how the protests will play out, investors are selling Hong Kong stocks or sitting on the sidelines.

Anemic Chinese manufacturing data for September also dampened sentiment. The widely watched HSBC index tracking the sector was revised down slightly for the month, to 50.2 from the initial reading of 50.5.

European markets were broadly higher in early trading, with the exception of the FTSE 100. The CAC 40 in Paris was advancing by 0.4%, other major indexes posted narrower gains

Oil prices faded 15 cents to $94.42 U.S. a barrel

Gold prices slipped $11.30 to $1,207.50 U.S. an ounce.

<![CDATA[Stocks in Play: Serinus Energy Inc.]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

09:55 AM EST - Serinus Energy Inc. : commented on the potential impact of a new regulation announced by the National Bank of Ukraine. The Management Board of the National Bank of Ukraine announced Resolution No. 591 on September 22, which prohibits several types of foreign exchange transactions including among other things, the ability of KUB-Gas LLC Serinus' 70% indirectly owned subsidiary which owns and operates the Ukraine licences, to pay dividends to its shareholders. Details regarding the practical administration of these new regulations have not yet been provided, and Serinus and its partners will continue to monitor and study new information as it becomes available. These restrictions are in force from September 23, 2014 until December 2. Serinus Energy Inc. (T.SEN) shares were down $0.03 at 2.26.

<![CDATA[Stocks in Play: Ceres Global Ag Corp.]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

09:56 AM EST - Ceres Global Ag Corp. : announced that it has received equity and debt financing proposals to advance the construction and development of the Northgate Commodity Logistics Centre. Ceres Global Ag Corp. (T.CRP) shares were down $0.11 at 6.93.

<![CDATA[Stocks in Play: Thermal Energy International Inc.]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

09:57 AM EST - Thermal Energy International Inc. : announced its financial results for the 12 months ended May 31, 2014. Revenue increased 60% to $13.2 million;Sales of heat recovery systems and GEM(R) Condensate return systems increased 77% and 37% respectively. Gross profit increased 40% to just under $7.0 million. Net income of $634 thousand compared to a net loss of $2.8 million. Thermal Energy International Inc. (V.TMG) shares were up $0.01 at 0.11.

<![CDATA[Stocks in Play: Roxgold Inc.]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

09:58 AM EST - Roxgold Inc. : has awarded the underground mining services contract for its Yaramoko Gold Project in Burkina Faso to a subsidiary of African Underground Mining Services (AUMS). The contract provides for AUMS to make an initial $5 million U.S. investment and gives Roxgold the option to issue up to a further $10 million U.S. of common shares in exchange for pre-production underground development work. Roxgold Inc. (V.ROG) shares were down $0.01 at 0.74.

<![CDATA[Stocks in Play: Encana Corporation]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

10:44 AM EST - Encana Corporation : and Athlon Energy Inc. today jointly announced that the two companies have entered into a definitive merger agreement for Encana to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon by means of an all-cash tender offer for $5.93 billion U.S. ($58.50 U.S. per share), as well as Encana assuming Athlon's $1.15 billion U.S. of senior notes, for a total transaction value of approximately $7.1 billion U.S. The Athlon board of directors has unanimously recommended to its shareholders that they tender to the offer. Encana Corporation (T.ECA) shares were up $0.65 at 24.24.

<![CDATA[Stocks in Play: Pershimco Resources Inc.]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

10:45 AM EST - Pershimco Resources Inc. : announced it has increased the Net Present Value on its 100%-owned Cerro Quema project in Panama by purchasing the last Net Smelter Royalty held over the Project from a Panama-based company. This purchase is for the remaining 30% of the NSR acquired in August 2013. After this purchase, the project will not have any other royalties except for the standard government royalties for all mining operations in the country. Pershimco Resources Inc. (V.PRO) shares were down $0.035 at 0.26.

<![CDATA[Stocks in Play: Titan Medical Inc.]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

11:44 AM EST - Titan Medical Inc. : announced that, effective at market opening on September 30, its common shares and warrants will commence trading on the Toronto Stock Exchange. Concurrent with the TSX listing, the Company's common shares and warrants will be de-listed from the TSX Venture Exchange. Titan Medical Inc. (V.TMD) shares were up $0.14 at 2.51.

<![CDATA[Stocks in Play: Rio Alto Mining Limited ]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

11:46 AM EST - Rio Alto Mining Limited : reported the assay results from 29 reverse circulation ("RC") drill holes drilled between May and August 2014 within and around the Calaorco Pit at the Company's La Arena Gold Oxide Mine located in La Libertad, northern Peru. The Calaorco Pit is the primary source of Rio Alto's current gold production. These results are in addition to the results from 19 RC drill holes previously announced. The 2014 phase of oxide drilling in and around the Calaorco Pit is now completed and comprised of 48 RC drill holes for a total of 12,119 metres drilled. Rio Alto Mining Limited (T.RIO) shares were up $0.02 at 2.8.

<![CDATA[Stocks in Play: Terrace Energy Corp. ]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

03:41 PM EST - Terrace Energy Corp. : announced it has drilled its first well on the Big Wells Buda Project in Dimmit County, Texas, and provides the following operations updates on its other material projects. The Company is pleased to report that drilling operations have been successfully concluded on the initial Buda development well, the Price #1H with strong hydrocarbon flows throughout most of the drilling operation. Preparations are currently underway to complete the well and tie in permanent production facilities. Terrace Energy Corp. (T.TZR) shares were down $0.05 at 1.9.

<![CDATA[Stocks in Play: Tuscany Energy Ltd.]]>Mon, 29 Sep 2014 09:55:10 EST, September 29, 2014

03:43 PM EST - Tuscany Energy Ltd. : announced that it has completed a drilling program of five horizontal oil wells and a water disposal well, all in Saskatchewan, increasing its current production average to a corporate record of 890 BOEPD. At Evesham, Tuscany has successfully drilled two (1.2 net) new horizontal wells on the west side of its Evesham oil pool. The wells were placed on production in early September and are currently producing approximately 100 BOPD per well. Tuscany owns a 60% interest in these wells and is the operator. Tuscany Energy Ltd. (V.TUS) shares were down $0.01 at 0.54.

<![CDATA[Agility Health (TSXV:AHI) Insiders Buying Against Backdrop of Post Acute Care Reform]]>Wed, 24 Sep 2014 12:31:39 EST, September 24, 2014

Agility Health (TSXV:AHI) Insiders Buying Against Backdrop of Post Acute Care Reform

Healthcare-related reformations have been keeping Washington hopping over the past week. President Obama penned an Executive Order to step up the nation’s efforts to develop new drugs to combat antibiotic resistance that is posing a serious threat to public health now and in the future. On September 18, the Senate followed the lead of the House by passing bipartisan legislation intended to put in motion comprehensive reform for post-acute care, meaning that President Obama could sign into law any day now. Supporters of the law, such as the American Physical Therapy Association, have worked to see the legislation passed as it standardizes data used across post-acute settings.

Part of the goals of this reform, as well as other policy changes on the table on Capitol Hill, are centered on better health management to prevent unnecessary hospital re-admissions and improvement of clinical outcomes that reduce health care spending in the long-term. Right now, the U.S. outpaces every other country in the world by spending about $1.7 trillion annually on health care, with that cost expected to rise as millions of new patients sign-up for insurance under the Affordable Care Act and baby boomers turn 65 at a blistering pace.

Implementing new quality measures and standardized reporting of data plays into the management and documentation offerings is Agility Health, Inc. (TSX-Venture:AHI). Headquartered in Grand Rapids, Michigan, Agility Health has been in business for 46 years, currently operating 74 outpatient or onsite rehabilitation locations in 17 states. The company also provides contracted services to hospitals, nursing homes and other institutional clients, offering custom orthotics, care and treatment for orthopedic-related disorders, sports-related injuries, preventative care, rehabilitation of injured workers and more. Cumulatively, more than 1,000 Agility Health employees manage in excess of 1 million patients across 160 centers in the U.S.

Further, and in the vein of reformation, Agility Health provides a number of ancillary services related to physical rehabilitation, including a proprietary rehab-practice management software system branded Agile™. Agility Health spent millions developing the software and IT infrastructure, which consists of more than 100 servers. Agility Health has begun installing Agile in its own clinics (25 so far with the rest scheduled by the end of the year) and offers Agile to the other industry players. By Agility Health taking over administrative duties, such as case management, scheduling, reporting, compliance, etc., the company says it adds 3% in revenue per therapist for each client.

Even though Agility has been around for nearly five decades, it has really hit its stride in the past 10 years, around the point at which CEO Steven Davidson acquired the company, eventually bringing it public in October 2013. Agility Health was doing about $20 million in annual sales, a figure Davidson shepherded to $63 million in 2013 through organic growth and an aggressive acquisition strategy. Going forward, Davidson says that acquisitions will remain integral to growth in the highly fragmented U.S. physical therapy market that has approximately 30,000 clinics, but no single company controlling more than 3% of the market. In fact, there are only a small handful of companies with more than 1% of the market, leaving a large opportunity for companies with a roll-up mentality to capture more market share.

Davidson put his money on the line when he bought the then-private Agility Health and he, along with other executives of the company, is still showing his confidence in the future of AHI. Regulatory filings show that Davidson and other executives and board members at Agility Health have picked up over 100,000 shares in the open market over the last week. Insiders obviously know their company as well as anyone does, so an executive buying shares in the open market is a topic of focus and a strong bullish signal for some investors, especially when the stock is far from highs. Shares of AHI started trading last October at 20 cents and climbed to as high as $1.00 in April, but have now slipped back to 35 cents, obviously an opportunity that Davidson and others felt is a time to add some to their portfolio.

<![CDATA[GDP disappoints]]>Tue, 30 Sep 2014 09:40:34 EST
Experts expect a range today of 1.1110 to 1.1195 Canadian

The euro continues to fall and dropped through support at 1.2600 against the U.S. dollar on soft euro-zone inflation, which fell to 0.3% in September from 0.4% in the previous month. Focus is now on Thursday’s European Central Bank meeting. The euro dropped to 1.4095 Canadian this morning.

Observers expect a range today of 1.4015 to 1.4177 Canadian

The pound is essentially unchanged from yesterday’s close. GDP had a mixed of data release earlier this morning with soft housing, a wider current account deficit, soft business investment, but better than expected Q2 GDP. Next event risk will come tomorrow morning with the release of Manufacturing PMI. The sterling is currently trading at 1.8133 Canadian.

The Australian dollar is strong, up 25 basis points from yesterday’s close. There is still strong downward pressure on the Aussie, however, a short burst of Aussie buying occurred overnight. Next risk events will come later tonight when retail sales numbers and Chinese Manufacturing PMI are released. The Australian dollar is trading at 0.9753 Canadian.

The New Zealand dollar is showing a sign of relief after it gained 33 bps from yesterday’s close. The release of August’s building permits were in line and failed to create any movements for the kiwi, which is currently trading at 0.8698 Canadian.

Data Releases


AUD: Retail Sales

EUR: CPI Flash Estimate

GBP: Current Account

JPY: No data

NZD: No data

USD: CB Consumer Confidence]]>
<![CDATA[Top Analysts Action: KEG, FDX, YHOO, CHS, LRE ]]>Mon, 29 Sep 2014 12:38:11 EST<![CDATA[Cal-Maine Foods (CALM) slips with Q1 earnings]]>Mon, 29 Sep 2014 10:54:11 EST<![CDATA[BlackBerry (BBRY) flat after Friday financial news]]>Mon, 29 Sep 2014 10:52:52 EST<![CDATA[Mattel (MAT) droops on downgrade]]>Mon, 29 Sep 2014 10:50:46 EST<![CDATA[Shire plc (SHPG) flat after Friday jump]]>Mon, 29 Sep 2014 10:49:00 EST<![CDATA[Tonix Pharmaceuticals (TNXP) tumbles as tests fail endpoint. ]]>Mon, 29 Sep 2014 10:18:38 EST<![CDATA[Alimera Sciences (ALIM) leaps as FDA gives OK]]>Mon, 29 Sep 2014 10:14:59 EST<![CDATA[Tibco Software (TIBX) jumps on Vista takeover]]>Mon, 29 Sep 2014 10:13:39 EST<![CDATA[Encana (ECA) hikes on buying Athlon]]>Mon, 29 Sep 2014 10:10:45 EST<![CDATA[Athlon Energy (ATHL) leaps as Encana buys ]]>Mon, 29 Sep 2014 10:09:15 EST