This is a response to Joe’s take on the Porter IPO.

On Wednesday, two business writers commented on the IPO.

The first, Boyd Erman's in Wednesday morning’s Globe and Mail Business section, 'Porter seeks very lofty valuation', says that for $6 or $7 a share, you can buy $325 million worth of debt and a whole lot of optimism.

See http://www.theglobeandmail.com/globe-investor/markets/streetwise/porter-seeks-very-lofty-valuation/article1556689/

The second is by National Post business writer Scott Deveau, 'Porter touts airport domination', from Wednesday’s online canada.com news. The article cites two factors that are making investors wary: Air Canada’s suit over Porter’s monopoly; and Porter’s valuation of $417 million, a figure that says Porter is worth 2/3rds of the value of Air Canada.

http://www.vancouversun.com/business/fp/Porter+touts+airport+domination/2989790/story.html

Bob Kotyk