TSX:SOT.DB - Post by User
Comment by
pennylane101on Jul 28, 2024 9:07am
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Post# 36151579
RE:RE:RE:BOOM BREAKING NEWS SLAM ADMITS WOES
RE:RE:RE:BOOM BREAKING NEWS SLAM ADMITS WOES Let's clarify this, are we talking about CCAA or outright bankruptcy?
Armoyan's behaviour is that of a corporate raider, not an activist investor. From the Globe and Mail article, it appears he is trying to buy Slate properties at a discount and this is how, I believe he will try to recoup his $50 million or so loss. If he forces the company into bankruptcy, he'll be able to pick and choose properties at fire sale prices. Hopefully the office real estate sector improves enough within the next six months for investors to recoup their losses.