RE:Aeroplan value $6.57CAD, AIM value $10.13 CAD
Mittleman values the other assets (PLM and Cardlytics) at $5.36 CND and Aeroplan at $6.57.. They don't think the $2 billion float is a liability. That's like saying all insurance companies are worthless. As if everyone's claims came in at the same time.. Won't happen. Anyways $3.65 for AP + $5.36 CND = $9.01 CND. Aeroplan fear of redemption and that $2 billion 'liability' are what is keeping AIM so low. Remove AP from the books and the other assets should get close to fair market value. Those selling today arent looking at the big picture . Sp could double or more very soon... -Uber