Post by
frankstevens17 on Feb 25, 2014 9:13am
Smoothwater Capital didn't help stock price
On November 11, 2013 Smothwater Capital announced they had taken a stock position in EQI for the purpose of enhancing shareholder value. Nice thought but it would appear the stock price has been in a slow decline ever since. EQI stock price has declined about 9 percent since Smoothwater made the annoucement. The other investment in the Smoothwater portfolio is Genesis Land (GDC) which has had a similar stock price performance since Smothwater became involved with them almost a year ago. I guess Smoothwater and it's CEO, Stephen J. Griggs is not the Carl Icahn of Canada.
Comment by
dealmaker0 on Feb 25, 2014 9:56am
a hedge fund should buy this company and take it private. Increase the book to 5 billion in 7 years and take it public again,