GREY:AIIFF - Post by User
Post by
Thethruthhurtson Aug 19, 2014 11:10pm
360 Views
Post# 22858463
Time for this group to just go away........
Time for this group to just go away........
A couple of weeks have past since Armtec dazzled us with their take on the country and where things are at on the "national infrastructure market". Remember folks these guys are sorely lacking a full spectrum take on infrastructure supply. Far from a one stop shop and not seen as a tier one supplier of concrete products on a national level. That said their competitors have been making aggressive moves in Quebec and Ontario. Out West Old Castle is happy with the performance of its Expocrete acquisitions and pipe suppliers and contractors from the US are taking firm aim at the Canadian Market as we continue to invest in the nations infrastructure needs. In other words there are opportunities to break this thing up and sell it. The sale price might be relevant to the real estate the assets sit on as opposed to sound ratio's such as EBITA or Market Cap. The corner won't be turned by the group this year and its unlikely it will in the years ahead. Take the opportunity to sell the assets to companies that have stronger success records and can make money in a highly competitive market. This week the American Public Works Association held its semi annual conference in Toronto. Armtec doesn't appear to be involved. https://events.ntpshow.com/apwa2014/public/ExhibitorList.aspx Seems the writing is on the wall that they are looking for an exit over reaching out to one of the biggest assembly of North American end user's of "infrastructure products". I know if this show was in my back yard I would be there!