RE:RE:RE:RE:RE:RE:Clearwater Capital Management Inc...I am quite certain this is the likely course of events. And then they were sitting on a large profit after Sherrit retired more than $100 million of debt, and I agree with you, they still had faith in the company turning around in the long run, so they took some of that profit, and they put it into the commons at an opportune time. Below current price. This is what is sophisticated, deep value, distressed asset investor, as they are, would do.
FarmerSask wrote: Rkhosla,
There is no validity to your point in my opinion.
If Clearwater made a huge profit on the bonds ( which I doubt), they sure could have taken that money and invested it elsewhere.
If they weren't thinking Sherritt stock is a good investment they wouldn't have bought.
20 million is 20 million wheather they had just made it in bonds or found it under the mattress, it's still 20 million they are investing.