A local investment advisor is defending the provincial government’s decision not to release the results of the $5 million dollar Rothschild report assessing government assets.
Senior Investment Advisor with Short Financial, a branch of IA Private Wealth in St. John’s, Larry Short says the Rothschild report is similar to a homeowner paying for an appraisal on their house before they list it.
He says for the same reason government may not want to reveal what the NLC is worth if they want multiple bidders to come in and take a look at the asset, or even sell Liquor Corporation shares on the stock market.
Government hired Rothschild to conduct a review of provincially-owned assets like NLC, Marble Mountain and its offshore holdings. That report was delivered to government in early April.
