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Mr. Robin Cornwell

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Catalyst Equity Research Inc.
Toronto, Ontario, Canada
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    www.investmentexecutive.com/client/en/News/DetailNews.a - [Cached Version]
    Published on: 4/29/2008    Last Visited: 5/26/2008  

    Robin Cornwell, president of Toronto-based Catalyst Equity Research Inc. has a "buy" rating on the stock, with a 12-month target price of $1.75.This target is based on Edwards' capital infusion and the significant growth potential coming from acquisitions and from BetaPro, whose sales will surpass $1 billion in the next six months or so, Cornwell expects.
    ...
    Both Armstrong and Cornwell expect continued strong growth for BetaPro.
    ...
    Cornwell believes the BetaPro ETFs are in a really sweet spot because they are inexpensive, easy to buy and sell, provide two-to-one leverage and have the rights to the S&P/TSX capped name on their products for five years, with an option for a further five years.IE

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    www.eresearch.ca/aboutus.asp?aboutID=6 - [Cached Version]
    Published on: 7/27/2008    Last Visited: 7/27/2008  

    Robin Cornwell, B.A. (Econ.), MBAFinancial Services

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    dau.bdsm-sitez.com/tv_configmgrerr31.html - [Cached Version]
    Published on: 10/15/2008    Last Visited: 5/14/2008  

    POSSESSION OF MARIJUANA: On Dec. and Jarry St. "It's a huge win for Jovian," said Robin Cornwell, an analyst at Catalyst Equity Research, who said Mr.

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    lgi.prosshar.net/pearl_izumo.html - [Cached Version]
    Published on: 10/15/2008    Last Visited: 5/26/2008  

    "It's a huge win for Jovian," said Robin Cornwell, an analyst at Catalyst Equity Research, who said Mr. He will have to allow the revival of a free press and an independent judiciary.

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    qmg.news-blog-4-you.com/video_dina_saurus_1903.html - [Cached Version]
    Published on: 10/15/2008    Last Visited: 5/15/2008  

    "It's a huge win for Jovian," said Robin Cornwell, an analyst at Catalyst Equity Research, who said Mr. C. It happens on other routes as well."The owners of the house were screaming, 'There is someone in there, there is someone in there', and these guys climbed up a ladder and pulled the fellow out," neighbour George Crozier said. .. A. The team said it's not sure about its driver lineup after Daytona.Now in his third year in this job, he says he's seeing "more classes booked each year.

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    www.advisor.ca/news/today/article.jsp?content=20050805_ - [Cached Version]
    Published on: 9/8/2004    Last Visited: 8/10/2005  

    Armstrong is optimistic the decision by Robin Cornwell, a financial services analyst at Catalyst Financial Services Equity Research, to cover Jovian will help with its growth goals as well as making the jump from the TSX Venture Exchange to the S&P/TSX Composite Index.
    ...
    Toronto-based Cornwell predicts Jovian's total assets of $8.1 billion will grow to $13 billion by the end of 2007.

    "I think Jovian will be quite a significant player.They are in a position where they can consolidate in several different areas of the financial services industry.They're building in an area that is very attractive," he says.

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    howardgroupinsightnewsletter.blogspot.com/2007_12_01_ar - [Cached Version]
    Published on: 12/1/2007    Last Visited: 1/11/2008  

    Catalyst Research analyst, Robin Cornwell recently issued an update on the nine reasons he believes Neptune is a buy.

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    howardgroupinsightnewsletter.blogspot.com/2007_08_01_ar - [Cached Version]
    Published on: 8/1/2007    Last Visited: 1/11/2008  

    Catalyst Equity Research analyst Robin Cornwell has just updated his research on Brainhunter (BH - TSX) based on the release of Q3 (June 30)/F07 results, which saw the Company reporting EBITDA of $6.17 million or $0.15/share basic. Mr. Cornwell is maintaining his $1.70 target price with revenues forecast at $228 million and EBITDA of $0.20/share for F07 (Sept.30).The stock is trading in the low $0.60's. Revenue in Q3 was $56.57 million and just a few thousand dollars short of $170 million for the nine months of the fiscal year.On the subject of earnings he wrote, "Pre-tax income before non-cash expenses for Q3/07 was approximately $1.3 million up from $0.5 million in the same period last year (excluding the restructuring charge).A net loss was reported of $0.4 million in the quarter which was a significant improvement over the net loss in Q3/06 of $2.5 million (which included a restructuring charge of $1.6 million).The Q3/07 loss was after amortization expenses in the amount of $1.8 million and interest accretion (non-cash interest) of $0.3 million."On the subject of debt he wrote, "The total debt of the company was $41.1 million up from $39.7 million as at the end of September which includes the current portion of long term debtof $3.3 million and the bank term facility of approximately $22.2 million.Brainhunter has a revolving demand bank credit facility of $26 million."Of note, he passed comment on BH's recent news release that it was exploring alternatives including private equity for acquisitions or possibly taking the company private.To quote him, "This strategic review could in our opinion lead to a transaction that provides significant liquidity for shareholders and achieve a shareholder value more in line with our 12 month share price target."Should Mr. Cornwell be correct in his pricing assumption if BH is taken private, the market may wake up one day not too far down the road and realize that it passed up a quick 100% to 200% gain on the stock from current levels.

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    www.eresearch.ca/aboutus.asp?aboutID=6 - [Cached Version]
    Published on: 10/15/2008    Last Visited: 2/3/2008  

    Robin CornwellFinancial Services

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    Canada NewsWire Group - [Cached Version]
    Published on: 7/26/2005    Last Visited: 7/26/2005  

    TORONTO, July 26 /CNW/ - eResearch analyst, Robin Cornwell, MBA, has written an Update Report on Integrated Asset Management Corp. ("IAM"), (TSX-V: IAM).IAM is an alternative asset management company that has strategically diversified into five asset classes: (1) real estate; (2) private debt; (3) private equity; (4) managed futures; and (5) hedge funds.The analyst set a 12-month Target Price of $2.75 per share, and stated that the indicated annual dividend currently provided an attractive yield of 6.9%.In the Report, which is free for a limited time on eResearch's website www.eresearch.ca, Mr. Cornwell stated: "IAM is distinctive among public investment management companies since it is focused on managing alternative class assets, and derives its revenue from not only management and advisory fees but also performance-based fees."Mr. Cornwell added, "The key to the success of these asset classes is the choice of the management teams that conduct them, and their commitment to that success through their direct ownership of the division managed and their participation in the management and performance fees generated."

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