OTCPK:TMBMF - Post by User
Comment by
dosperroson Dec 01, 2016 6:23pm
40 Views
Post# 25543430
RE:TEMBEC : PERHAPS HUGE POTENTIAL BUT WILL IT HAPPEN ???
RE:TEMBEC : PERHAPS HUGE POTENTIAL BUT WILL IT HAPPEN ??? Well, perhaps. But there's two considerations:
1) The four biggest funds own 60%. They mostly are in it for much higher, so they need to get a return. They'd prefer to let it run. Esp. Fairfax -- they are having a tough go of things with RFP being such a bag of junk.
https://quote.morningstar.ca/Quicktakes/owners/MajorShareholders.aspx?t=TMB®ion=CAN&culture=en-CA
2) TMB has a poison pill. AKA shareholder rights. Canfor was famous for this to try and block Pattison and the creeping takeover. I didn't read it, but they carry mechanisms by which hostile takeovers spark an equity issue to dilute the pool and erorde the buyer's majority to a minority.
https://www.tembec.com/sites/tembec.com/files/en/Investors/shareholder_rights_plan_electronic_version_filed_on_sedar.pdf
So, I reckon we'll just run and run and run, as we get richer and richer...