Not so...Bad Government

[John the Fisherman]

Take the 407 to the TSX, and invest. You'll be driving for next to nothing.

 

http://www.theglobeandmail.com/report-on-business/canadian-pension-plan-set-to-buy-australian-toll-road-firm/article1687035/

[Guest Johnny Bass]

Take the 407 to the TSX, and invest. You'll be driving for next to nothing.

 

http://www.theglobeandmail.com/report-on-business/canadian-pension-plan-set-to-buy-australian-toll-road-firm/article1687035/

 

Hey, I'd rather the Canadian Pension have a share then some foreign company! If you read the comments, 30% share is selling for 3.4 Billion and from what I understand, the entire 407 was sold for 1 billion???

 

Sounds like a solid investment for CPP, since traffic will continue to increase.(editted:But I think the figure is too much)

 

But can you imagine the revenue it would have been producing for the province if it was never sold? But I guess Harris felt the need to put some quick cash in his pocket!

Edited August 27, 2010 by Johnny Bass