RE:RE:RE:RE:RE:RE:Just in, good news for enployeesLike Temporary mentionned... Yes, Mr. R wants the best possible deal... He would have loved it at 13$/share. But he had to get Letko on board, and obviously, that proved very difficult without concessions. I don't think any of us had envisionned that Letko would force 18$/share. I was thinking that 15$ or even 14$ was more likely. But they did illustrate just how much AC wanted TRZ.
The power might have shifted to AC now, but the same shareholders might still manage to get more out of AC than you think. If it's about cash preservation, I don't think a share deal would be impossible. The current market cap of AC is 4.7B+ and this is factoring the fall from 50$/share to 18$. I don't think it would be unreasonable for AC to dilute shareholders 500M to 700M and consolidate TRZ with the benefits over an extreme long term horizon in mind. Especially if TRZ itself receives a few hundred million in cash from the Government.
But I might be a biased optimist here.
In any case, I don't see what the Governement is doing in trying to save everyone and endebt the younger generations. National debt was at 760B in March and Trudeau will probably add 200B! That's a 26%+ increase. And for what? To save awful bank loans to irresponsible households that can't save for a rainy day and pay absolutely riduculous rations for housing they just can't afford? To save a bunch of over-leveraged businesses that have been acting reckless because of low interest rates and were completely unprepared for this type of crisis. I say let them all fail and let capitalism do it's thing and I say that has a TRZ shareholder. I'm personally just sad to see how Socialist we've become and how cowardly we've become forcing our kids to bail out our irresponsible ways because we're too scared to face the short term pain for long term benefits.
Allright, I'm done with my rant.