Quebec Ink

The long and short of Lightspeed’s Spruce Point spat

MONTREAL — Ben Axler, who bets on companies to fail, thinks Canadian analysts who cover Canadian companies are too prone to patriotism and too quick to cheerlead. “Every time I look at a Canadian company and read the reports from Canada, it’s always, ‘This Canadian company is the best in the world at what it does,’” he told me over the phone from New York City last week. “And that’s fine. But certainly, as these companies go into the U.S., they become a little more global, and we don’t always necessarily think they’re the best company in the entire world.”

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