RE:RE:Poorly Run CompanyAndrew Peller should not be a publicly listed company. Where's the regulator when it comes to the governance of these dual class share companies who run for the benefit of formerly private owners instead of their relatively newer public owners?
Kick them off the exchange, or at least REQUIRE them to include coattail provisions.
And, of yeah, vote against executive compensation, which does not align with this co's performance. What a dog. Eight bucks.
"In Canada, of the 69 dual-class corporations in 2018, 61 have adopted a coattail provision and 8 still have not: AGF Management Limited, Andrew Peller Limited, Becker Milk Company Ltd. (The), Corby Spirit and Wine Limited, Power Corporation of Canada, Reitmans (Canada) Limited, Rogers Communications Inc. and TVA Group Inc."
Above clipped from the Institute for Governance. https://igopp.org/wp-content/uploads/2019/01/IGOPP_PP_CaseDualShareClass_PP11_EN-final.pdf
Agreed. There seems to be no strategy to increase profits. I've noticed a pattern that as revenue increases, so does SG&A - disproportionately, so as to negate any bottom line improvement. The company has great land holdings, but it's costs are too high and one has to wonder why.