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Bullboard - Stock Discussion Forum 2242749 Ont Ltd. AIIFF

"2242749 Ontario Ltd is a infrastructure and construction company, combining engineered solutions, relevant advice, dedicated people, products and a national presence with a local focus on exceptional customer service."

GREY:AIIFF - Post Discussion

2242749 Ont Ltd. > The Weather and The Settlement
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Post by GladIMGone on May 16, 2014 12:42pm

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.
Comment by mackglenyahoo on May 16, 2014 12:49pm
This post has been removed in accordance with Community Policy
Comment by RustyNail on May 18, 2014 7:27am
Glad, Of course we've had winter and if you go back and look you will see that business dips during harsh weather of any kind. Not an excuse but a reality. Armtec isn't the only company with reduced revenue from the weather. (Phillips got crushed for using the weather excuse) In Armtec's case the big issue isn't really weather but the crushing debt they carry. They needed to have a ...more  
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