RE:RE:RE:RE:Takeout target or Receivership?Fact:
Currently there are 24.1m outstanding shares with a market cap of $26.2 million.
After the dismal Q1 showing that was based on the weather -- this was the message from Armtec HQ Company president and CEO, Mark Anderson, commented on the financial shortfall, “Despite the challenging start to the year, management remains focused on delivering improved earnings in the second half of 2014 over the same period in 2013.”
He went on to project, “Looking ahead, we continue to pursue new opportunities to strengthen our market reach, expand our product offering and execute our performance improvement initiatives in order to capture both revenue and cost improvements.”
Then he concluded, “While the outlook for the balance of 2014 is mixed, based on geographic region and the timing of revenues and associated profitability, we believe the long-term outlook for Armtec's markets will continue to be favourable, driven by more stable economic conditions and ongoing investment in infrastructure across Canada.”
FACT December 24 2009 share value was at $25.97 cdn (company had booked two major tunnel lining jobs in Ontario)
so at 24m shares x $26 =$624,000,000 less liabilities ?? so let say market cap of +/-$400m?
Now is the time Brookfield....make the move to takeover the company do a share exchange and re organize it into a better company. Management is lost and can't turn it around under any circumstances. I'm sure no one will support Mr Anderson with any other financing. Drop the hammer, Lower the boom, Close the coffin. This puppy is done!!!