RE:RE:RE:RE:RE:RE:RE:RE:"Shareholders Lose Opportunity"luscar99 wrote: Is the Board (who enabled the previous management) different ?
Was a better management brought in ?
Is this company cashflow positive ?
Are the investments sound and recession-proof ?
Over the years I've seen plenty companies that at some point had no debt being run into the ground by inept management and bad luck.
And it doesn't need to go bk. Is owning a pennystock two years from now better than $3.66 in hand today ?
Yes the chairman of the board and another director, both recent investors in the company are different. They were likely the driving force behind finally getting rid of Mittleman.
A search for a new "operations focused CEO" is apparently ongoing.
Cash flow positive? Aimia deals in EBITDA, as interest and taxes are just silly inconveniences. You should know that ;-)
As for the investments being recession proof, that is a rather high bar, and of course not.
Listen I'm not trying to defend Aimia, it's a disaster. But to suggest it's going to zero now that Mittleman and Lehmann are gone is a strech imo. Possible? Sure. Unlikely even close though imo. $3.66? Dummies. $4 would have probably closed the deal.