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INK Canadian Insider Index Lifts as Copper Soars

by Nicholas Winton

Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. The INK Canadian Insider Index shook off some rust and began to grind higher in an action-packed week that saw the US dollar fall and the price of copper soar - as I have predicted in our last few reviews. The INK CIN added 8 points to close at 1245.48.

INK Edge Highlights

A sample from INK Research's INK Edge list
CanWel Building Materials (CWX) has notable insider buying
Amar Doman, CEO and Director, acquired 25,500 Common Shares on ...
Last updated: Monday, September 24, 3:40 am

Top Buys and Sells Past Week

TSX and TSXV stocks with most insider sellings in the past 7 days
*Real-time data source: Nasdaq, CXC and CX2

Winner's Circle

A look at stock with positive momentum & insider buying
HEXO Corp. (HEXO)
Subindustry: Agricultural industries
On November 29, 2017, we highlighted strong net insider buying at HEXO (HEXO) (THCX at time of report) in our Morning INK Report. The stock has moved up 172.48% since the report date, and insiders have been net sellers of 1,224,668 shares. Visit the company page to see who has been active.
Source: INK Research

Recent Filings Activity

See Issuers with new insider (SEDI) filings for the previous business day

Insider Sentiment Centre



The INK Indicator is updated daily and measures the level and direction of insider sentiment by looking at key purchases and sales by executives in every company. The indicator represents the ratio of stocks with key insider buying over key insider selling. For more background on market and sector indicators, please visit INK Research

Corporate Credit – A Chasm Between Risk Perceptions and Actual Risk

by Pater Tenebrarum

Shifts in Credit-Land: Repatriation Hurts Small Corporate Borrowers

A recent Bloomberg article informs us that US companies with large cash hoards (such as AAPL and ORCL) were sizable players in corporate debt markets, supplying plenty of funds to borrowers in need of US dollars. Ever since US tax cuts have prompted repatriation flows, a "$300 billion-per-year hole" has been left in the market, as Bloomberg puts it. The chart below depicts the situation as of the end of August (not much has changed since then).

 

Short term (1-3 year) yields have risen strongly as a handful of cash-rich tech companies have begun to repatriate funds to the US.

 

Now these borrowers find it harder to get hold of funding. This in turn is putting additional pressure on their borrowing costs. At the same time, the cash-rich companies no longer need to fund share buybacks and dividends by issuing bonds themselves.

The upshot is that the financially strongest companies no longer issue new short term debt, while smaller and financially weaker companies are scrambling for funding and are faced with soaring interest rate expenses – which makes them even weaker.

FINTECH SELECT ANNOUNCES SELECTCOIN BETA LAUNCH

Sponsored: redistributed by Commitment Centre, December 12, 2017

 

FINTECH SELECT ANNOUNCES SELECTCOIN BETA LAUNCH

Toronto, ON, December 11, 2017 - Fintech Select Ltd. ("Fintech Select" or the "Company") (TSX-V: FTEC) is pleased to announce that all the elements pertaining to the SelectCoin Cryptocurrency platform have been completed.

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