(Street Life is a regular feature that profiles what's playing in the stock market.)
Act I: Health care in the Digital Age
* The Player: Telus Corp. (TSX:T)
* Action: Down three per cent in a month (from $39.62 Oct. 17)
* Recent Price: $38.52
* 52-Week High/Low: $51.12/$34.12 Landlines, cell coverage, internet connections, and now medical history - a natural progression, no?
The Burnaby, B.C.-based communications company has announced it will make a $100-million investment in the health-care industry over the next three years, and is launching a new brand: Telus Health Solutions.
The company aims to develop systems that process, store, and deliver health information, so that one day the experience of blinking at the ceiling trying to remember the answer to, "When did you start taking this medication?" may be obsolete.
Telus Health is backed by Emergis, a Montreal IT company that was purchased by Telus in January 2008, and already has years of health-care technology experience and more than 1,500 team members.
Act II: The Grinch in the Hat is back
* The Player: IMAX Corp. (TSX:IMX)
* Action: Down six per cent in a month (from $4.14 Oct. 17)
* Recent Price: $3.91
* 52-Week High/Low: $8.32/$3.21 Although some may roll their eyes at Jim Carrey starring in yet another Disney movie, others might look forward to seeing his morphing face five stories high - and in 3D.
IMAX, the big-screen entertainment technology company jointly headquartered in New York and Toronto, has signed a five-picture deal with The Walt Disney Studios and will open the series with director Robert Zemeckis's version of A Christmas Carol. Slated to open November 2009, the 3D fantasy will feature Jim Carrey playing Scrooge and all three ghosts.Subsequent films in the deal (to be announced later) may include works by director Tim Burton and producer Jerry Bruckheimer.
IMAX stock tumbled from highs over $8 this summer but, at press time, was trading at $4.11, up $0.20 on the day, thanks to this news.
Act III: Metro-poly
* The Player: Metro Inc. (TSX:MRU.A)
* Action: Up 10 per cent in a month (from $29.87 Oct. 17)
* Recent Price: $33.
* 52-Week High/Low: $33.35/$21 Bigger must, indeed, be better.
Supermarket operator Metro Inc., which constitutes the largest grocery presence in Quebec and aims to do the same in Ontario, has announced a 25.5 percent gain in quarterly profit.
Sales for Metro's fourth quarter ended Sept. 27 were $2.48 billion, up 1.8 percent from a year ago. Net income jumped 25.5 percent year-over-year to $72.3 million.
Metro, which has more than 65,000 employees and a network of roughly 600 food stores and 250 pharmacies, has been working to change its five Ontario banners (Dominion, A&P, Loeb, The Barn and Ultra) to the Metro name, a process expected to take 15 months and $200 million.
When complete, the banner consolidation will result in 218 stores in Quebec and 158 in Ontario, making Metro the largest grocery banner in each province.
Act IV: Copper Power
* The Player: Norsemont Mining Inc. (TSX:NOM)
* Action: Down 10 per cent in a month (from $1.89 Oct. 17)
* Recent Price: $1.70
* 52-Week High/Low: $4.41/$1.07 A friend of mine once made a great real estate deal by dropping a letter in someone's mailbox, offering to buy their house. Sometimes the best bargains are found by soliciting those who weren't thinking of selling.
Norsemont Mining Inc., a Toronto-based mineral exploration company, was minding its own business on the Constancia copper, gold, silver and molybdenum deposit in southern Peru, when offers to buy the company streamed in.
To deal with the offers, Norsemont's Board has formed a special committee, retained legal counsel, and is in the process of retaining independent financial advisers. Norsemont warns that the evaluation will not necessarily result in any deal, and that there is no timetable set for completion of any transaction ... but it must be fun to be in their position.
NOTE: The above is not intended as investment advice to buy or sell any mentioned securities.
Investors should do due diligence before investing. Quotes are based on results through Nov. 18, 2008 (Nicole Strandlund can be reached at nicole@businessedge.ca)






