Amazon buying 9.9% stake in Canadian companyhttps://www.fool.ca/free-stock-report/rocket-fuel/?source=ex9tabcl10000448&utm_source=taboola&utm_campaign=ca_sa_rocketfuel_rocketfuel_smartbid_safelist_retarget_desktop&utm_content=rocketfuel&utm_medium=contentmarketing#tblciGiAP13J1LulgDECnE4u9VJvCSgNVVgMXpWtBp-tyDOFSPCCH3D0ovpe18IivuN-dAQ
Does anyone have a clue what Motley Fool is pushing in Canadian stocks now? Supposedly Amazon now owns 9.9% of this “obscure Canadian company that many investors have never even heard of”. Royal Bank of Canada owns another 10.4% and Vanguard group bought 337,340 shares (no idea what percentage stake that is because I’ve no idea who they are talking about ).
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Probably Cargojet.
https://www.stockgumshoe.com/reviews/motley-fool-hidden-gems-canada/the-amazon-of-the-north-whats-the-latest-small-cap-canadian-stock-teased-by-the-motley-fool/
Thanks Joe, your’re probably right. I’ve done well with Cargojet since buying it several years ago. I had the impression that TMF had found another company that Amazon was buying into, but after looking at the major holder list I do see various Vanguard funds holding north of 400,000 shares of Cargojet now which roughly matches what TMF was saying.
https://www.fool.ca/2021/06/05/buy-this-cheap-canadian-stock-no-one-is-talking-about/
I found this article online to answer your question