Post by
Thethruthhurts on Feb 26, 2015 11:20am
this is how the story ends
All but worthless debentures and worthless stock. The penny play was fun to watch and there was money to be made for sure and I would say that those that did well were very calendar aware. The bones of Armtec will be sold off to cover the debt to Brookfield under Brookfield control. The lifeboats will be filled and NO ONE will be put on a cross. Anderson will get a pat on the back and consult for Brookfield. The closing chapter will be that the assembly of the companies cost to much to be viable. People wont really remember Chuck Phillips and his love for over paying for assets but on disposal of said assets the companies will be picked up for pennies on the dollar. ConForce out west is the jewel but the forecast for growth in western Canada with a collapsed oil market with impact the price. The paten has expired for Durisol. The drainage and sewer products are low tech and in need of capital. PreCon is also low tech and has lost market share to competition. Boucher has lost most of its production talent and Brooklin does a good job marketing but they are also a very very lowtech company in need of capital investment. It ends with a wimper and predicted -- not a bang and it truly is a crime that there will be almost no accountability