Pinetree Capital Ltd.

Diversified investment, financial advisory and merchant banking firm.

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Message: 11% loss today

11% loss today

posted on May 14, 2008 04:23PM

Todays $0.36 loss was a result of a terrible 1st quarter as indicated below. Is this a good entry point for PNP or will we see further sp erosion tomorrow?

"During the first quarter, Pinetree generated a net loss of $56.4 million, as compared to net income of $47.2 million in the same quarter last year. The net loss was primarily due to net investment losses of $82.1 million in the quarter, comprised of realized losses on dispositions of investments of $8.0 million, $72.2 million in unrealized losses on investments and $1.9 million in loss from an equity accounted investment. Loss per common share was $0.50 as compared to earnings per share of $0.55 in the three months ended March 31, 2007."

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