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Aimia Inc T.AIM.PR.C


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


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Post by Growthnvalueon Jun 05, 2024 3:21pm
193 Views
Post# 36073809

Mithaq with the TKO

Mithaq with the TKOSolid letter from Mithaq calling out the countless capital allocation blunders and intentional acts of entrenchment by Aimia. Sure, most of the current board members can claim the purchases of Mittleman Invest, TradeX, Weakropes and Bozetto didn't happen on their watch, but the private placement and issuance to Paladin were so clearly self-serving and at the expense of shareholders. You don't issue press releases about buybacks and then a year later have 15 million more shares outstanding. I would have liked to see a stronger slate from Mithaq, but this is still a very easy decision to make. 
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