TSX:HOT.DB.V - Post by User
Comment by
nedstar71on Sep 13, 2023 12:05pm
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Post# 35633990
RE:RE:RE:Activist investors
RE:RE:RE:Activist investorsAgreed. Management here are.pretty sharp though, I could see them doing that on their own.
flamingogold wrote: Perhaps a way to lower the debt through an asset sale(s)? I believe they have the wiggle room to do so without a distribution cut.
nedstar71 wrote: flamingogold wrote: Could an activist step in here at these firesale prices, take a 10% stake to get a seat on the board?
Have been in a few stocks where activist investors have stepped in when the share price was unjustly crushed and management was slow to act. SRV.UN has been a big winner for me after a power struggle ensued, now resolved and everyone happy.
Just recently Sime Armoyan of Armco Capital stepped into MRT.UN, another stock I own, to challenge Rai Sahi who has been slowly gobbling up shares while unjustly keeping the distribution low.
But other than taking a position at cheap prices, what would be the activist investor's 'activism'? IE what needs correcting here? Certainly not an increase in distributions.