Kenneth Lester

Shopify recently came out in defense of its business model following an attack on the company by short seller Andrew Left of Citron. According to Desautels professor Kenneth Lester, short sellers actually do an investigative service by exposing information about companies that might have otherwise been strategically concealed; though he remains wary of the insider trading sometimes tied to shorts.

Classified as: Kenneth Lester, finance
Published on: 11 Oct 2017

Ottawa is going to have to find a way to keep legalized cannabis on the affordable side, thanks to the already low prices in Quebec. A new Public Safety Canada report states that, for comparable quality marijuana, Quebec pot consumers pay about $5.33 per gram, while non-Quebecers average $7.04. Émilie Dansereau, of the Association pour la santé publique du Québec, suggests that Ottawa should pay attention to how the government of Uruguay killed off its black market with a low tax rate.

Classified as: Kenneth Lester, finance
Published on: 28 Jun 2017

This summer, the Quebec government will be running consultations into how legalized cannabis will be sold in Quebec. For Ottawa, the aim is that the provinces will regulate sales, hopefully with public health as the ultimate goal.

Classified as: Kenneth Lester, finance
Published on: 20 Jun 2017

After of a sell-off of shares in two Canadian companies was apparently triggered by a short seller’s morning tweet, Desautels professor Ken Lester derided the tweet, saying that “There’s no recourse. People can just put out whatever they want on the Internet.”

He goes on to say that there is a general uncertainty about Canadian financial firms, thanks in large part to the legal problems faced by Home Capital Group.

Classified as: finance, Kenneth Lester
Published on: 2 Jun 2017

Ottawa has released its plan to legalize marijuana, and the hit on big cannabis shares has been heavy. Concerns about how fast the government is moving to squeeze out illegal producers, a law-enforcement-heavy public announcement and a feeling that the government is stepping back from its plans for an industrial-scale market are leaving investors with questions.

Classified as: finance, Kenneth Lester
Published on: 19 Apr 2017

Desautels Professor Ken Lester was interviewed on BNN about the commodification of marijuana post-legalization. He discussed product choice, the question of how branding might be constrained by the impending legislation, and the tricky taxation line that the governments will have to trace in order to not send consumers back to the black market.

Classified as: finance, Kenneth Lester
Published on: 7 Apr 2017

In Smiths Falls, Ontario, a former chocolate factory houses one of Canada’s biggest marijuana producers. Canopy Growth and its competitors are in a headlong rush to increase production and market share, and they will likely soon exceed the market for medical marijuana in Canada. But that’s no problem; the industry is looking ahead, toward the legalized recreational marijuana market promised by the Liberal Government.

Classified as: finance, Kenneth Lester
Published on: 1 Mar 2017

A call for Quebec to get into pot distribution by academics and business people

Classified as: finance, Kenneth Lester
Published on: 30 Jan 2017

Congratulations to MBA students, Aman Arora, Timothy Lane, Santiago Monroy, and Jose Nunez Gutierrez, who were awarded second place in the Business for a Better World case competition. The team has been working since October on designing a global equity portfolio that advances the UN’s sustainable development goals, which culminated with a presentation in Davos, Switzerland on January 19th to a panel of high-profile judges.

Classified as: Kenneth Lester, MBA Program, Sebastien Betermier
Published on: 20 Jan 2017

L’attaque de Nice a eu un effet immédiat sur les touristes, qui ont été nombreux vendredi à annuler leur voyage en France.

Des événements tragiques comme celui survenu sur la Côte d'Azur donnent toujours un dur coup au tourisme pendant quelques mois.

«On se rend compte qu’avec ce nouvel événement, la France est devenue une cible. C’est donc évident que, s’ils ont à choisir, les touristes iront à un endroit plus sécuritaire à leurs yeux», mentionne Ken Lester, professeur à l’Université McGill.

Classified as: finance, Kenneth Lester
Published on: 18 Jul 2016

L’attaque de Nice a eu un effet immédiat sur les touristes, qui ont été nombreux vendredi à annuler leur voyage en France.

Des événements tragiques comme celui survenu sur la Côte d'Azur donnent toujours un dur coup au tourisme pendant quelques mois.

Lors des attentats du 11 septembre 2011, les visiteurs internationaux avaient attendu neuf mois avant de retourner en plus grand nombre à New York. Mais la crainte des touristes ne perdure pas non plus pendant plusieurs années, selon ce qui a été constaté par le passé.

Classified as: finance, Kenneth Lester
Published on: 18 Jul 2016

Ken Lester, Desautels Faculty of Management, was interviewed by Mutsumi Takahashi on Panama Papers.

Watch full video: CTV News, 8 April, 2016 

Classified as: finance, Kenneth Lester
Published on: 8 Apr 2016

Watch full video: CTV News, 5 February, 2016 

Classified as: Kenneth Lester
Published on: 8 Feb 2016

Over the weekend after the terrorist attacks in Paris, the email cancellations started to come in at the Travel Network Corp., a company with offices in Toronto in Montreal that offers “bespoke travel for the luxury sector.”
... Dr. Ken Lester, a professor at the Desautels faculty of management at McGill University, noted that the Paris stock market barely flickered overall on Monday. Longer-term, investors, however, may be deterred by the city’s changing risks.

Classified as: Kenneth Lester
Published on: 20 Nov 2015

“To me it treads on that fine line because, in a way, you create your own insider information,” said Kenneth Lester, a finance professor at McGill University in Montreal and CEO of Lester Asset Management.

Read full article: Financial Post, November 2, 2015

Classified as: Kenneth Lester
Published on: 3 Nov 2015

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