About Nick Waddell

Cantech Letter founder and editor Nick Waddell has lived in five Canadian provinces and is proud of his country's often overlooked contributions to the world of science and technology. Waddell takes a regular shift on the Canadian media circuit, making appearances on CTV, CBC and BNN, and contributing to publications such as Canadian Business and Business Insider.

The surprising economic origins of Safeway’s name

Safeway is a product of fiscally conservative thinking that was not exactly in abundance in the years before the Great Depression.

Walk into most any Safeway store today and you can pay for your groceries by tapping or swiping your Visa or Mastercard. But if you do, did you know you are disregarding the intent of the company’s name? Yep, that’s right. Safeway, which was founded in 1912 by Sam Seelig who started with a single [...]

Solium Capital pullback is a buying opportunity, says Pardeep Sangha

PI analyst Pardeep Sangha says Solium Capital CEO Mike Broadfoot's plan to sell up to 2.1-million shares is partly to blame for the stock's recent pullback.

The pullback in price of Solium Capital (TSX:SUM) is a buying opportunity, says PI analyst Pardeep Sangha. Noting that Solium has declined by 15% since his last published research on March 20th, Sangha today upgraded his rating on the stock from “Neutral” to “Buy”, while maintaining his $8.25 one-year target. Sangha says recent general weakness [...]

Canada’s latest tech IPO Lumenpulse roars out of gate in first trading day

Lumenpulse's luminaires have been used to illuminate notable projects such as Chicago's Solider Field, the headquarters of General Motors in Detroit and BC Place Stadium in Vancouver.

Canada’s latest publicly traded tech is off to a strong start. Shares of Lumenpulse (TSX:LMP) are among the most actively traded Canadian stocks today, racking up more than two-million shares of trading barely two hours into its first day public. Perhaps more important, the company is trading at $18.35, more than two-dollars above its IPO [...]

Beaten down ViXS Systems is a buy, says Cormark

ViXS Systems CEO Sally Daub.

Shares of ViXS Systems (TSX:VXS) have taken it on the chin of late, but Cormark analyst Richard Tse says investors should take advantage of the current price of the stock, which he believes is much too low. Last Wednesday, ViXS announced that a year-end audit revealed uncovered that billing of $1.5-million under a previously disclosed [...]

Pinetree Capital CEO Sheldon Inwentash aggressive buyer of POET Technologies

Pinetree Capital CEO Sheldon Inwentash.

POET Technologies (TSXV:PTK) has had remarkable run, climbing from pennies late last year to more than two dollars, but one insider clearly believes the stock has more upside. Pinetree Capital CEO and POET insider Sheldon Inwentash has made numerous purchases of the stock in the open market in recent weeks, and has added to Pinetree’s [...]

Spectral Diagnostics spikes on EUPHRATES trial expansion

spectral

Shares of Spectral Diagnostics (TSX:SDI) are up today after the company announced that the Data Safety Board had increased the sample size of its EUPHRATES trial from 360 to 650 patients. “We are pleased with the positive outcome of the second interim analysis,” said CEO Dr. Paul Walker. “The enthusiasm and support from our clinical [...]

Tinkerine Studios, Canada’s first 3D printing stock, talks to Cantech Letter

Tinkerine Studios CFO Martin Burian and CEO Eugene Suyu in Vancouver April 11. 2014.

Top down investing can be hard. It’s one thing to identify a theme to that may dominate business in the years to come, quite another to figure out which companies will reap the anticipated reward. 3D printing is a process that has been around for years, but has only just captured the imagination of the [...]

BlackBerry not vulnerable to Heartbleed, Google says some Android devices are

blackberry security

In the time since the iPhone was released in 2007, BlackBerry’s superior security has always been an advantage the company has had trouble capitalizing on. The company’s perceived irrelevance has opened the door for Samsung and Apple to dominate the smartphone space. But Heartbleed, a software bug in the open-source cryptography library OpenSSL, might give [...]

Virtutone posts record half-million in revenue in one day

Virtutone CEO Jason Allen says the company's margins are improving.

Virtutone Networks (TSX:VFX) says it posted a new daily revenue record of more $500,000 on Wednesday, April 9, 2014. CEO Jason Allen said the company’s bottom line was also improving. “This is a great milestone that we have achieved,” he said. “Due to our strong balance sheet, we are leveraging our strong financial position to [...]

RDM Corp. is a turnaround story with upside, says PI’s Sangha

Clients like Capital Bank Financial were part of the $600-billion in payments RDM Corp. processed last year.

RDM Corp (TSX:RC) is a turnaround story that investors should be paying attention to, says PI analyst Pardeep Sangha. Yesterday, Sangha initiated coverage of RDM with a “Buy” rating and a one-year target of $4.00, implying a return of 42.8% based on Tuesday’s closing price of $2.80. Sangha says that after years of losses and [...]