js97
Senior Member
Last year, the CPP agreed to buy a 10% stake for $894 million, implying a total value of about $9 billion for the highway, or three times the original sale value (despite a recession and two stock market crashes - I defy anyone to find another security that tripled in value from pre-crash 1999 to post-crash 2010 [okay, Apple Inc., but you know what I mean]).
There are tons, varied industries RIM, Nike, lulu, MC, etc... . But to relate to similiar products, Brookfield asset (BAM).
Was a a good decision back in 1999? Depends on your perspective, political stripes aside, you need to also capitalize improvements, maintenance, and obvious administrative costs over the 10 years. It's not just a hold and buy operation. Calling it a 'fire' sale is definately more politically charged then reflective of reality. Selling the TPA would be a mistake because of it's revenue generating properties. Would the 407 have been a toll road if it was in the hands of the government?
Fish&Chips said:How about the $47 million squandered when they cancelled Transit City. Hardly a peep from the media.
That's a little presumptious, Transit City work is being diverted,The firm still has/wants business in the new configuration/ subway work. On a related note, Transit city is second rate transportation for suburbia residents. - I guess the NDP like it like that... all are equal, some are more equal than others?
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