An analyst employed by a brokerage house such as Merrill Lynch.
Archives
Sector Funds
mutual funds specializing in a particular industry sector such as computers, or health care.
Securities
Transferable certificates of ownership of investment products such as notes, bonds, stocks, futures contracts and options.
Screening
Searching the entire universe of mutual funds or stocks meeting user-specified criteria.
Seat
The traditional term for membership on a stock exchange. An investment dealer or brokerage buys a seat on the exchange and one employee is designated as the seat holder. As Toronto Stock Exchange is now demutualized, there are no longer seats on the exchange.
Secondary Offering Financing
The dollar value of secondary offering securities issued in accordance with a TSX or TSX Venture Exchange approved transaction. It is the stated prospectus price multiplied by the “number of securities issued under the offering plus the over allotment”.
Sales
Services and products sold by a company. Sales and revenues mean the same thing.
Sales per Share
Annual sales divided by the number of shares outstanding.
Same Store Sales
Sales at retail stores or restaurants open at least one year. A chain’s same store sales growth excludes gains due to increases in the number of stores. Same store sales growth in the 5 percent to 10 percent range is considered good.
Reverse Takeover (RTO)/Backdoor Listing
A transaction or series of transactions that includes a securities issuance made by a listed issuer to parties vending securities or other assets into the listed issuer (the new security’s holders), such that after completion of the transaction(s), the new security’s holders will own more than 50% of the outstanding voting securities of the listed issuer, with an accompanying change of control of the listed issuer. A reverse takeover (RTO)/backdoor listing can be completed through various transactions, including a business or asset acquisition, an amalgamation, a plan of arrangement, or other form of reorganization. The listing of securities of an issuer formed in accordance with an RTO/backdoor listing is treated as a new listing.