GREY:AIIFF - Post by User
Post by
GladIMGoneon May 16, 2014 12:42pm
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Post# 22570500
The Weather and The Settlement
The Weather and The Settlement
The company is 100+ years old, and the concrete side is 40+, but Canada never had a winter until 2010-2011? Since then, we've had nothing but winter it seems. Come on - winter was always factored into the business, and should be in every business in Canada - not just construction orientated. When CP used this excuse for suspending dividend payments, it seemed we've been in an ice age ever since. On the settlement - I'm no broker or lawyer - but the way I roughly calculate it - the lawyers are the big winners - walking off with 25% of $13 Million. After taxes, that leaves about $9 million to be divided up with the people that bought shares just before dividend suspension. It was about 2.9 million shares or $50 million that was sold about the time just before. So, if you do the math, that means that the payout could be maybe over $3 per share, depending how many shares there are out there that qualify. Little redemption for the $16-17 purchase price. Then I could be way out on this too.