Expropriation impact

At left, a graph of AbitibiBowater share prices over the past five days on the New York Stock Exchange.

Note the peak on Wednesday followed by the precipitous drop.  That drop coincides with news spreading that the provincial government expropriated the companies Newfoundland and Labrador assets.

The chart at right is the Canadian trading record.

Coincidence?

Draw your own conclusions.

Around these parts it would be called the toque effect.  Tom Rideout may be gone from cabinet but his spirit still lives around the cabinet table.

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