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Aimia Inc T.AIM.PR.C


Primary Symbol: T.AIM Alternate Symbol(s):  T.AIM.PR.A | AIMFF | T.AIM.PR.D

Aimia Inc. is a diversified company. The Company operates through three segments: Bozzetto, Cortland International and Holdings. The Bozzetto segment is a provider of specialty sustainable chemicals, offering sustainable textile, water and dispersion chemical solutions with applications in several end-markets including the textile, home and personal care, plasterboard and agrochemical markets. The Cortland International segment consists of Tufropes and Cortland Industrial LLC (Cortland). Tufropes is a manufacturer of synthetic fiber ropes and netting solutions for maritime and other different industrial customers. Cortland is a designer, manufacturer, and supplier of technology advanced synthetic ropes, slings, and tethers to the aerospace & defense, marine, renewables, and other diversified industrial end markets. The Holdings segment includes investments in Clear Media Limited, Kognitiv, as well as minority investments in various public company securities and limited partnerships.


TSX:AIM - Post by User

Post by Hadituptohereon Jan 31, 2023 10:38am
417 Views
Post# 35256634

11X EBITDA for fishnets? Is this real?

11X EBITDA for fishnets? Is this real? In a distressed market with publicly traded free cash flow producing companies as far as the eye can see on fire sale for 6-7X EBITDA, this management team sinks half of their cash at a stratospheric 11X valuation into a completely opaque and illiquid fishnet maker? Then pledge to layer additional management into its structure and claim it will immediately improve margins? How are you all not flabbergasted? Mittelmans have lost their minds and for the board to support this suggests, at best, costly lack of business judgment. And please do not forget, they reneged on their written promise to return capital to shareholders because they said they would need all $500,000,000 for this deal. 
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