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Aimia Inc T.AIM

Alternate Symbol(s):  AIMFF | T.AIM.PR.A | T.AIM.PR.C | T.AIM.PR.D

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.


TSX:AIM - Post by User

Bullboard Posts
Comment by Mattywack2on May 14, 2019 6:06pm
112 Views
Post# 29747123

RE:The call

RE:The callAgreed.  Rabe needs to go now.  The losses from the continuing businesses just grow and grow.  If it wasn't for the PLM dividend Aimia received, it would be a crisis.  The shareholder value will erode every quarter with him at the helm.   As he hold virtually no shares, he doesn't give a rat's a$$.    I note in the call that he bragged that his plan to continue was very popular with partners and employees.  No sh*t.  Of course it is popular with the employees who are drawing a salary from the PLM dividend and the retained cash.   Note that he didn't say it was popular with shareholders.  I wonder what his salary is: the last guy made about 3 million.  With the continuing businesses having 34 million in revenue a quarter, 2.2% of REVENUE could be going to pay the CEO, assuming they pay him the same as the last guy, which I don't know.  Note that doesn't include the PLM dividend, but you don't need to pay a CEO millions to collect a dividend.  Which, if that was all he was doing, would at least be an improvement, as the active businesses are a joke and need to be terminiated immediately to stop the bleeding.
Bullboard Posts