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Bullboard - Stock Discussion Forum Aimia Inc T.AIM

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

TSX:AIM - Post Discussion

Aimia Inc > So...
View:
Post by Growthnvalue on Aug 13, 2024 2:18pm

So...

...any potential positive outcomes left here? Another disappointing quarter, confirming the assets they acquired were awful choices and that only Paladin benefited from the transactions.  A $13 million runrate in annual holdco costs for a company of this size is offensive. And they now plan to engage/pay advisors to assist in evaluating options for their strategic plan that's moving at a snail's pace. Wasn't the entire purpose of reshuffling/"upgrading" the board to lead the new strategic direction of the company?
Comment by nedstar71 on Aug 16, 2024 11:12am
The way these guys burn through cash it's tough to imagine much good in the long term.  And yeah that $13 million stood out to me too.  The same should be able to be done one third of that amount if they were cost conscious at all.  And also agree, if management and the board aren't capable of doing the job without throwning what I'm sure wil be massive sums at external ...more  
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