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Aimia Inc T.AIM

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

Comment by Growthnvalueon May 06, 2024 9:00am
159 Views
Post# 36024593

RE:state of affairs

RE:state of affairsI've lost hope in Mithaq and don't have any confidence in them saving Aimia shareholders. What they've done with PLCE is baffling. I suspect that they tripped the debt convenants by accident when they increased their stake so rapidly in the stock. They could have walked away with a massive gain, assuming they weren't restricted for some odd reason early on. Instead they now have close to $300 million in the company via equity at a cost of about nearly 3x the current price and unfavorable (to Mithaq) loans. So many great values available in public markets, and they went after a dying/cash burning retailer of low cost children's clothing with zero moat around its business. At this juncture, the private placement investors might be the lesser evil. They're not responsible for this debacle, and there's a better chance of a competent new CEO emerging from their ranks compared to Mithaq. However, it's concerning that Q1 earnings are next week and there's still no announcement regarding an AGM. What's going on here?
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