TSX:SOT.DB - Post by User
Comment by
Capharnaumon Apr 05, 2023 12:09am
172 Views
Post# 35380254
RE:RBC Initial Comments
RE:RBC Initial CommentsWow... bad news... Considering Slate management's history of destructing value in SOT.UN, it may get ugly in the next few days.
How can the NAV and the value of their properties be taken seriously when they conclude the strategic review with nothing else than a large dividend cut?
Historically, all they've ever done with liquidities is to multiply transactions to get fees for Slate.
Armoyan looks like a fool unless he wants to buy Slate for cheap. He would likely be better off buying the rest of Slate, kicking management out and liquidating the assets afterwards.