Feds yard sales begin

[Topaz]

The Feds are selling the Atomic Energy of Canada and it could sell off 100% of it. I'm not sure if this is a wise decision, only time will tell though. Question is, what's next and what will the Tories do when they run out of items to sale to pay off their deficit? http://ca.news.yahoo.com/s/capress/101110/national/aecl_sale

[fellowtraveller]

Let us hope they can find many more money losing economic turkeys and flush them too. Next up? How about Indian and Northern Affairs, Health Canada or the CBC for starters?

They'd have to find some suckers to take them off their hands for a penny each, but they could save billions in lossess every year.

[M.Dancer]

I just hope they use the money to arm our submarines with the latest stealth anti aircraft missiles.

[William Ashley]

The Feds are selling the Atomic Energy of Canada and it could sell off 100% of it. I'm not sure if this is a wise decision, only time will tell though. Question is, what's next and what will the Tories do when they run out of items to sale to pay off their deficit? http://ca.news.yahoo.com/s/capress/101110/national/aecl_sale

Dude what crack are you smoking - they arn't paying off their deficit, they are adding to it.

Edited November 11, 2010 by William Ashley

[Battletoads]

Just out of curiosity has the sale of a government owned business ever benefited Canadian's? Seems the groups which take over end up doing a worse job whilst charging more for their services.

[M.Dancer]

Just out of curiosity has the sale of a government owned business ever benefited Canadian's? Seems the groups which take over end up doing a worse job whilst charging more for their services.

You mean like CN? One of the best managed cross border companies in North America.

[nicky10013]

The globe ran an article about this yesterday. Despite the paper's right lean in terms of business matters, they emplored the government not to sell the company. Not necessarily because they shouldn't sell it, but that because there have only been 2 offers which are drastically undervalue the true worth of the company. These companies also don't have the resources to fully develop the new reactor that AECL is currently designing. Due to this, the company would still need further investment for the government down the line to develop it. If it doesn't get that funding, the company essentially becomes a refurbishment company for all the old CANDUs and destroy's Canada's long tradition of being a leader in terms of developing nuclear technology.

In lehman's terms, even a sale leaves the government holding the bag on all the risks and none of the rewards. Selling AECL is just a really bad idea.

Edited November 11, 2010 by nicky10013