Investors may not be appreciating the tremendous benefit Photochannel (bulletin board: PNWIF) will get from the falling Canadian Dollar (CAD). PNWIF gets paid predominantly in US dollars (USD) and pays all of their expenses in CAD. In the past three weeks the CAD has fallen more than 20%. Now I`m sure at some point it will recover somewhat but it is a huge benefit to some of my companies, most notably Photochannel.
Another company I own Destiny Media Technologies (bulletin board: DSNY) will have the same benefit, but even more so, as all of their revenue are USD, and all expenses CAD.
Saturday, October 25, 2008
Edelheit on the Effect of the Weaker Canadian Dollar on Two of His Picks
On the Value Investors Club website, Aaron Edelheit commented that the recent decline of the Canadian dollar versus the U.S. dollar is bullish for two of his companies, PhotoChannel (OTC BB: PNWIF.OB) and Destiny Media Technologies (OTC BB: DSNY.OB):