Ontario Budget

[JBen]

Controlling interest will stay with the government, at least until the lawyers find the loophole....Why should private investors want to own a company that should be non profit?

Pat it might be interesting to watch the IPO. I’ve read more than couple articles, speculating that it just might not go very well. The more I thought about it, the more sense various thoughts made.

At it simplest, would I invest $10,000 or even $1,000 of my money in it? Not a chance.

So it’s fine and dandy for Ms Wind and Mr Sousa to talk about raising how ever many billion by selling off 60%. It’s only worth what someone is willing to pay for the shares.

Bay Street is behind the sale for various reasons. Not the least of which is Ms Wind doesn’t have many options. She won’t do what’s necessary for obvious reasons and what everyone that matters has been saying needs to, and should have, been done. Instead she’s hammering us as much as she can, it’s still not enough.

“Interesting” times ahead for sure.

[B Wilson]

Kind of off topic but driving down from Bancroft along 28 I noticed that they are replacing all of the brand new pressure treated poles with what looks like fiberglass poles. I guess there is something wrong with the PT poles that they figured out a year after they put them in .... Maybe it's things like this that will change?

The pressure treated poles were found to be rotting on the inside. Hydro has to replace them under a warranty claim against the supplier of the poles.

[trimmer21]

Pat it might be interesting to watch the IPO. I’ve read more than couple articles, speculating that it just might not go very well. The more I thought about it, the more sense various thoughts made.

At it simplest, would I invest $10,000 or even $1,000 of my money in it? Not a chance.

So it’s fine and dandy for Ms Wind and Mr Sousa to talk about raising how ever many billion by selling off 60%. It’s only worth what someone is willing to pay for the shares.

Bay Street is behind the sale for various reasons. Not the least of which is Ms Wind doesn’t have many options. She won’t do what’s necessary for obvious reasons and what everyone that matters has been saying needs to, and should have, been done. Instead she’s hammering us as much as she can, it’s still not enough.

“Interesting” times ahead for sure.

I wouldn't be investing in any IPO for Hydro One,but,I sure would in Weston Foods when they have the exclusive contract for beer sales..

[B Wilson]

I wouldn't be investing in any IPO for Hydro One,but,I sure would in Weston Foods when they have the exclusive contract for beer sales..

Are they still only going to be allowed to sell tall boys and six packs at the grocery stores?

[trimmer21]

Are they still only going to be allowed to sell tall boys and six packs at the grocery stores?

I'm not sure. I just talked to our local No Frills owner and he said that he may only be able to sell "craft brewery" products which might not be such a biggie. He said he hasn't recieved info on any of it ,yet,from Loblaws. He's wandering around in the dark,too.

[Rugger]

I had heard that they were dangerous to climb with spikes but I can't imagine the new poles to be any better. Thanks for the info BW, hopefully the rate payers won't end up footing the bill then.

The pressure treated poles were found to be rotting on the inside. Hydro has to replace them under a warranty claim against the supplier of the poles.