The market has climbed 1.4% in the last 7 days, led by the Financials sector with a gain of 2.2%. As for the past 12 months, the market is up 19%, and looking forward, earnings are forecast to grow by 15% annually. In this favorable environment, identifying high growth tech stocks such as Constellation Software can be key to capitalizing on these positive trends in Canada's market.
The Canadian market has climbed 1.2% in the last 7 days and an impressive 16% over the past year, with earnings expected to grow by 15% per annum in the coming years. In this thriving environment, high growth tech stocks that demonstrate strong earnings potential and innovative capabilities are particularly worth watching.
NEW YORK (Reuters) -Hedge fund Irenic Capital Management on Tuesday urged Kinaxis to see who may want to buy the Canadian software company and warned its board against making "reactive decisions" and taking "half measures." The board "should initiate a full strategic review including soliciting interest for a sale for the whole company," Irenic said in a statement, echoing other investors' private and public calls for the company to put itself up for sale. Irenic, run by former Elliott Investment Management and Indaba Capital Management executives Adam Katz and Andy Dodge, called Kinaxis a "world-class software asset" that needs to find a new chief executive officer and head of sales and also needs to review interest in the company from potential financial and strategic buyers.