2242749 Ont Ltd. AIIFF

obviously there is some out there that disagree with you ...

[accruedfortunes]

we cant/t all be right now can we . ive used armtec here in the island and they had a good product and great staff good shipping times and well I was a fan when I was in the industry . that was geo grid and the dual wall pipe and the big green pipe.

[Thethruthhurts]

Good for you...Glad it worked well but your micro experience is not conducive with the current company macro. I'm sure on a basic level you are correct that the service was just fine. Problem is this group over paid for assets that they had no idea how to run effectively. They owe more money than they can afford to pay back and are lost in creating any type of marketing plan. How can you

[MarlboroMan]

Truth, How would a fire sale work?  Selling assets that produce profit just takes that profit out of the picture. Maybe the debt goes down slightly but the assets are worth less than book. There seems to be one inevitable road here and the lenders may get paid but vendors won’t. The Brookfield vultures will have the bones picked clean. Sad damn day when that happens.

[Thethruthhurts]

Armtec's key issue is its debt burden. The debt service leaves no money for capital investment or strategic investment. Armtec's competition IS investing and IS growing which is now compressing margins in the sector at a time when Armtec can least afford it. The "fire sale" needs to be strategic. Heidleberg/Hanson is out flogging tertiary manufacturing assets for 8 to 10 x EBITA

[MarlboroMan]

I tend to agree but comparing Armtec to Heidelberg is a stretch. I think Armtec is limited to what it could disperse. They almost have to sell a complete business unit. This could be drainage but might have to be a plastic/steel split up. Precast is pretty much fragmented.  Quebec and East are orphans. Someone to take the Brookfield debt? I would think that would have already been done. They

[Thethruthhurts]

Good points all. I do agree with the stretch comment but I was just using it as a comparison based on their desire to dispose of tired assets. How about this: With the stock price so low -- What if the company consolidated units at say a 5 to 1 ratio. Investors are in limbo with no hope of recovering value and no dividend in sight. OR maybe there is a different vulture looking at making an offer