re: where there's smoke there's fire---by Anscutz
---more likely smoke & mirrors. However BNN co-host this am commented that a CEO doesn't make such comments unless he is trying to get ahead of an issue before it becomes an issue. That still doesn't prove the validity of an activist shareholder. Finally a reaction by Sucksberg!
---add at least one hedge fund manager to the lawyer to the non-belief side compared to a 1 ' real time equities news and data service for fund managers and investment banks' which also could be said to be part of the 'fake news' rumor mill sector!
---Desjardins Securities has a statement that CPG is significantly undervalued. They aren't the first to do so, but then again they are probably talking their book. That's fine, but so as long as money managers don't rock the boat ( fear of angering their investors who own CPG because they (money managers) got them into it in the first place) management won't change.
---the original story is from a single-source made up entirely of sources that are not on the record & don't have first hand knowledge. That is the definition of a rumor/pump 'n dump.
---Amber Kanwar contacted people who usually are involved in such instances, she said that they said that 'they' are not there. Usually she said they say...'we can't comment' & then she (Amber) knows that they probably are.
---Amber also said...'looking at how things work maybe an institutional shareholder may have engaged an activist to be their voice/mouthpiece & put up a trial balloon to get feedback'. I thought that in a previous post. Food for thought.
carlos