FYI just got an email about TZZ....Could be that old saw....if you want to sell high you need others willing to buy high. With TZZ trading at or near its all time highs I think this outfit might have been engaged by those looking to trade their shares for cold hard cash.
Prospertity Stock Report is the outfit, they've only been around a short time. Here's a cut and paste of the email blast they're pumping out:
Update: Special Alert on TSX:TZZ | CONCERNED SHAREHOLDER GROUP CALLS FOR CHANGE AT TREZ CAPITAL |
| Dear Subscribers, We are pleased to report that our Special Opportunity Alert on TZZ ( Trez Capital Mortgage Investment Corp) has performed well on brisk trading yesterday morning. The stock closed with strength at $8.00 which is a new 52 week high, up 2.6% from our profile price. We are confident in standing alongside and supporting the pedigree that the Concerned Shareholder Group ( read "activist investor" ) brings to the table. The activisit group is led by FrontFour Capital which is a value oriented hedge fund with a particular expertise in event-driven and opportunistic strategies. FrontFour Capital has been active in affecting positive change in investee companies across a variety of sectors in North American capital markets in recent years. Past successful campaigns in the Real Estate space have included IAT Air Cargo Facilities, Huntingdon REIT, and KEY REIT where investors benefited handsomely with stock price appreciation ranging from 30% - 100% subsequent to FrontFour's involvement. Rounding out the Concerned Shareholder Group is Windsor Private Capital ( a significant Toronto based Merchant Bank), Concerned MIC Shareholders GP, and Performance Income Inc. Together, the activist group owns approximately 7% of class A common shares of TZZ In an open requisition letter, the Concerned Shareholder Group outlines their rationale for urging change at Trez. Read the full letter here. We expect further price appreciation in TZZ as the market absorbs the full effect of the potential activist campaign. We remain positive on this Special Opportunity Alert and will provide further details and analysis as the events unfold. Thank-you, The Team
ProsperityStockReport.com |