Friday, December 02, 2005

Will Monte Buy Shares in Timmy's?

Conservative Finance Critic and caffine driven blogger; Monte Solbergs favorite coffee shop Tim Hortons is going on the market with a share offering that the National Post reports they expect Canadians to buy up. Big appetite seen for Tim Hortons offering Will Monte put his money where his mouth is? There had been speculation Wendy's would sell the initial stake in Tim Hortons as an income fund. The company chose to sell common shares instead because, should Wendy's want to spin off the rest of its stake to shareholders, the transaction would be tax-free. Ah shucks no income trust tax shelter for Monte he will actually have to take a risk. As a confirmed capitalist apologist will he or won't he? Will he put his money where his coffee cup hits? Inquirying minds want to know.

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