The Bay Street analyst’s comment below is in response to this performance on BNN
Brent, Sleep Country, Golf Town, PrimeWest, Teranet (the Ontario Public Registry) - all have been turned into private trusts owned by institutions. If Amanda Lang had bothered to go to University and actually study business, finance or economics -areas where she affects some expertise - she would know that there is only one form of organization.
Every income trust owns a corporate entity. The corporation is private, while its owner - the trust - is public. The corporation is taxable. It's capital has been structured to minimize corp tax and maximize personal tax.
Amanda is becoming known as the Sarah Pallin of Cdn business journalism: a mile wide and an inch deep. If asked, Amanda Lang could not draw the structure of an income trust then explain the diff between it, an LBO, and a mutual fund.
These business reporters who have never actually studied business think they can become expert in something by talking/writing about it. Why bother with University? Gee, would you go to a dentist who earned his credentials by talking about dentistry? Or a lawyer who watched Law & Order to gain his or her expertise? That's the approach the G&M and BNN take to hiring "talent".
Sent from my BlackBerry Wireless Handheld (www.BlackBerry.net)
Tuesday, April 14, 2009
Posted by Fillibluster at 7:32 PM