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TAKING BETS Part VIII: Will CBC report it? Sierra Wireless profits UP

imageWill CBC report it?  The answer is that they just might!  (Actual CBC banner at left!)

Maybe they read my blog and have seen my “TAKING BETS” – Parts I through VII (see below).  (We do know that the state-owned CBC’s taxpayer-paid legal team has promised/threatened me—in official scary legal papers—to “monitor” this citizen-owned ProudToBeCanadian web site daily).

Yes today, suddenly, shocking the bajeezus out of me, in their oxymoronic (emphasis on “moronic”) “YOUR BUSINESS” segment the state-owned, government-funded, socialism-reliant CBC actually admitted that a couple of companies made profits in their latest reporting periods!  Of course the CBC reported it couched in (and I quote) “but that is down 76% from this time last year!” and “but the last half of the year was a lot tougher!” and the likes of well they made a profit but it was much lower than last year at this time!… negativity.  (It was quickly back to the negative, where they deploy their much more comfortable banners like the one below right.)

imageBut sorry, CBC, while you find every single solitary negative story upon which you can attach words like (and I quote) “tanking!”, here’s another positive one you missed:  while the likes of the intrepid Vancouver Sun managed to track this story down (it’s about one of Canada’s pre-eminent companies), the crack squad of investigative business journalists at the CBC can (UPDATE: usually) only (purposely) find capitalism is dead! stories, tempered by it’s a terrible economic, um, “tsunami”! stories, in which the business reporters can deploy happy phrases like “the economy is tanking!”, all day, every day in order to further FEAR MONGER and trash-talk the economy, exactly like Barack Obama, pre-passage of socialism stimulus packages in both Canada and the Obama States. 

So will the CBC report this? Don’t bet on it!  (UPDATE:  no.)

Sierra Wireless profits up

Vancouver Sun
February 11, 2009

Sierra Wireless saw its fourth-quarter profits climb to $34.7 million or $1.12 a share, up from $11.5 million or 37 cents a share in the same period last year, the Richmond company reported Tuesday. The profit was helped by tax gains and foreign exchange gains on euros held in connection with the company’s acquisition of Wavecom. Revenue for the fourth quarter ended Dec. 31 was $132.9 million, down slightly from $135.6 million in the fourth quarter of 2007. “In the context of current economic conditions, we view our fourth-quarter financial results as solid,” Jason Cohenour, president and chief executive officer, said in a release announcing the results.

TAKING BETS Part VII:  Will CBC report it? Ford exec says car sales beginning to stabilize

TAKING BETS Part VI:  Will CBC report it? Pension fund to invest half a billion in energy projects

TAKING BETS Part V:  Will CBC report it? JazzAir Income Fund grows Q4 profit

TAKING BETS Part IV:  Will CBC report it? Boston Pizza reports strong 2008 growth including 4th qtr

TAKING BETS Part III:  Will CBC report it? Intel to invest $7 billion in manufacturing…

TAKING BETS Part II:  Will CBC report it? McDonald’s sales up 7% in January, along with Wal-Mart

TAKING BETS Part I: Will CBC report this?—Wal-Mart sales up—even ahead of their own expectations

 

 

Joel Johannesen
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