RE:RE:RE:RE:STARBOARD VALUE...Upping the antemalx1 wrote: bmbruce wrote: AQN's recent stock price decline from $10 to $7 was primarily a result of the substantial and unforeseen escalation in borrowing costs and debt financing rates….further exacerbated by AQN's significant debt load….it was not "orchestrated" or manipulated lower" to purposefully unsettle less confident investors….it is essential to consider the performance of ICLN, the global clean energy index, which has also experienced a significant 30 percent drop over the past three months due to similar underlying factors….this decline can be attributed to the natural and expected reaction to evolving economic conditions, particularly the rapidly rising cost of debt financing, and should not be construed as a deliberate manipulation of the stock price...
Nothing unforseen about it.
Only people who didn't see higher rates were high school kids in Ontario and recent MBA grads in Vancouver.
...It seems that Starboard Value, possibly comprising a mix of high school students from Ontario and recent MBA graduates in Vancouver, did not anticipate the abrupt increase in borrowing costs and debt financing that occurred after their July proposal to adopt an activist stance with AQN, involving the acquisition of an ownership stake of approximately 7.5%...