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David Toole sees 3 lessons for all investors in the O&Y debacle
David Toole sees 3 lessons for all investors in the O&Y debacle

David Toole sees 3 lessons for all investors in the O&Y debacle

Date11/12/1991
Names
(photographer)
Format
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Language
ProvenanceCourtesy: Toronto Star Photograph Archives
CollectionToronto Star Photograph Archive
Usage Rights Copyright (Learn More)
Copyright HolderToronto Star (Firm)
Call Number / Accession NumberTSPA_0134935F
The stock market has been anything but kind to investors in th past year. Two Metro men, Peter Cossete, left, and Stuart Shoemaker, right, might be described as typical individual investors. Shoemaker is disillusioned by recent drop in stock prices, while Cossette still sees the market a comeback in the next year or so, Cossette calls market an irrational creature.'
The stock market has been anything but kind to investors in th past year. Two Metro men, Peter Cossete, left, and Stuart Shoemaker, right, might be described as typical individual investors. Shoemaker is disillusioned by recent drop in stock prices, while Cossette still sees the market a comeback in the next year or so, Cossette calls market an irrational creature.'
5/23/1974
W. H. Thornburn, chairman of the Toronto Stock Exchange board of governors, sees a small revival of confidence by Canadian investors, but much less than I had expected by this time. He forecasts continued sluggishness in trading until corporate earnings improve. Thornburn thinks there could be new speculation in oil and gas stocks when results of winter drilling become available. Cost-cutting and other controls have prepared brokers for any new storms, he says.
W. H. Thornburn, chairman of the Toronto Stock Exchange board of governors, sees a small revival of confidence by Canadian investors, but much less than I had expected by this time. He forecasts continued sluggishness in trading until corporate earnings improve. Thornburn thinks there could be new speculation in oil and gas stocks when results of winter drilling become available. Cost-cutting and other controls have prepared brokers for any new storms, he says.
12/31/1970
Safe from seizure: The 72-storey First Canadian Place tower was a target of investors who moved to seize assets before O and Y sought bankruptcy protection
Safe from seizure: The 72-storey First Canadian Place tower was a target of investors who moved to seize assets before O and Y sought bankruptcy protection
5/15/1992
Keith Douglas, president of Investment Funds Institute of Canada, expects investors to be attracted to funds by better treatment of dividends.
Keith Douglas, president of Investment Funds Institute of Canada, expects investors to be attracted to funds by better treatment of dividends.
1/7/1978
One of great Canadian Oil Sands Ltd.'s longterm shareholders, Howard Bertram holds bronze alloy medallion given him and other shareholders as token of thanks by tar sands development firm. The company had a difficult first decade operating its tar sands plant and investors also have taken their lumps. No dividends have been paid on common stock and shareholders watched stock hit alltime high of $17, then fell to current price of $5.
One of great Canadian Oil Sands Ltd.'s longterm shareholders, Howard Bertram holds bronze alloy medallion given him and other shareholders as token of thanks by tar sands development firm. The company had a difficult first decade operating its tar sands plant and investors also have taken their lumps. No dividends have been paid on common stock and shareholders watched stock hit alltime high of $17, then fell to current price of $5.
9/24/1976
Free advice: Rae Mariatt, division manager at investors Syndicate Ltd., will give seminar on how to leave money to charities in your will.
Free advice: Rae Mariatt, division manager at investors Syndicate Ltd., will give seminar on how to leave money to charities in your will.
3/28/1989
Tito Tettamanti chartered aircraft to bring potential investors to look at Toronto-area projects.
Tito Tettamanti chartered aircraft to bring potential investors to look at Toronto-area projects.
5/31/1972
Hilario Olea Ruiz: Newspaper editor says investors are bound to prefer lowcost Mexico over Canada.
Hilario Olea Ruiz: Newspaper editor says investors are bound to prefer lowcost Mexico over Canada.
4/1/1989
Tony Szego / safety gas tank. Investors need federal support but they also need someone to tell them when they're on the wrong track.
Tony Szego / safety gas tank. Investors need federal support but they also need someone to tell them when they're on the wrong track.
10/4/1978
Governor of louisiana Jimmy Fitzmorris, right, hit Metro yesterday to lure Canadian investors with attractions of booming U.S. Sunbelt. He's trying the Southern charm on Canadian geese at ferry docks. With him is Morrell Trimble, chairman of New Orleans C
Governor of louisiana Jimmy Fitzmorris, right, hit Metro yesterday to lure Canadian investors with attractions of booming U.S. Sunbelt. He's trying the Southern charm on Canadian geese at ferry docks. With him is Morrell Trimble, chairman of New Orleans C
4/18/1978
Worldways chief: Roy Moore, shown in this 1982 file photo, and other investors are still reportedly attempting to organize a bid for Wardair
Worldways chief: Roy Moore, shown in this 1982 file photo, and other investors are still reportedly attempting to organize a bid for Wardair
4/15/1982
A. Hassan Qutub: Saudi entrepreneur paid $500 million on behalf of 60 Saudi investors.
A. Hassan Qutub: Saudi entrepreneur paid $500 million on behalf of 60 Saudi investors.
11/10/1982