Bullboard - Stock Discussion Forum Stuart Olson Inc CUUHF

Industrials

"Stuart Olson Inc is a Canada-based company. It operates in business segments that are Industrial Group, which offers services to clients in a wide range of industrial sectors including oil and gas, petrochemical, refining, water and waste water, mining, pulp and paper and power generation; Buildings Group, which includes construction, expansion and renovation of buildings for private and... see more

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Comment by Construction555on Aug 04, 2020 5:53pm

RE:Who cares what anyone here thinks. It is TOO LATE.

Agreed. Common story. Large overpriced $390 million acquisition, Seacliff, didn't work out. Used a $100 million plus cash on the balance sheet plus a ton of debt. Company never ...more

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Comment by HermannHalleron Aug 04, 2020 11:02am

RE:RE:4 m bird shares/ 31m sox shares=0.129

Now down to 19c....that 40c trading was a gift, hope some people were able to get out.

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Comment by MageMysticon Aug 04, 2020 12:19am

RE:RE:RE:RE:RE:So you guys are getting .02 a share for the take over

So If the individual share holders voted down the merger, LeMay would not get his 4.6 Million change in Ownership payout. Common shareholders would take that 4.6 million plus all other board and ...more

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Comment by FalconFlighton Aug 01, 2020 9:42pm

RE:RE:RE:RE:So you guys are getting .02 a share for the take over

Stuart Olson’s success in the past always depended on solid backlog that was made up on the Buildings groups side of CM, Design Build etc. but not Stip Sum Projects as these were low fee projects ...more

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Comment by Charlie101on Aug 01, 2020 7:20pm

RE:RE:RE:So you guys are getting .02 a share for the take over

If one looks at the balance sheet, I can't understand why Canso (the debenture holders) would force the company into bankruptcy. There are very few assets for them to grab as I don' ...more

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Comment by Capharnaumon Jul 30, 2020 11:20pm

RE:LeMay golden parachute

You know who Lemay was looking out for... Disgusting.

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Post by mingzhuon Jul 30, 2020 11:11pm

it is very strange that sp was traded in 0. 80s

and takeover price is 0.13. you never see such kind of things. no wonder i mistook $4m for 4m shares.this is almost equivalent to Bankruptcy.

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Post by falconford11on Jul 30, 2020 5:48pm

LeMay golden parachute

LeMay will get $4.1M for termination due to change of control. More than all shareholders. Other exec will also get very nice cheques after this all ends and sail off into the sunset after ...more

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Comment by FalconFlighton Jul 30, 2020 11:30am

RE:RE:RE:RE:RE:RE:David LeMay

Bird is on the same path as Stuart Olson in 2009-2010. Management warned the CEO not to acquire Dominion for the same reasons. LeMay is the most stubborn CEO I've ever met, knows it all and take ...more

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Comment by flavin87on Jul 30, 2020 10:24am

RE:RE:RE:RE:RE:David LeMay

Once SOX defaults on their contractual obligations (bankruptcy being one condition) the owner will call the bonds (if supplied), void the SOX contract and seel another contractor to finish the job ...more

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Post by Construction555on Jul 30, 2020 10:05am

No cash

Unfortunately there is no cash to keep going. The company could not pay $2.5 million in interest on its debt at June 30. Had to issue shares as the debenture agreements allowed this, otherwise would ...more

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Post by forkliftguyon Jul 30, 2020 9:52am

Another Torstar

I just finished off with Torstar , a once 30 dollar company sold for 74 cents a share . The only good thing is that the shareholders got more than what the stock had been trading at . In ...more

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Comment by Charlie101on Jul 30, 2020 8:26am

RE:RE:RE:RE:David LeMay

There were many bad CEOs, so not sure he's the worst. He is either crooket or spineless and doesn't under his accountabilities. It looks like it's a deal contrived by Bird and ...more

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Post by MageMysticon Jul 30, 2020 1:32am

David Lemay make more in last 3 years than all shaerholders

This is freaking Pathetic. David Lemay made more in Salary and bonus in last three years than the $4 million paid out to shareholders. They paid and suckers many good employees into buying ...more

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