Post by
Highwave on Mar 17, 2018 6:14pm
KDX Traded 7.5 million shares on Friday
Looks like most of the TSX selling was absorbed on Friday. 7.5 million shares traded on TSX. The question is weather Waterton bought the shares or did shorts cover. If it was a big buyer, then shorts are in a real precarious situation. I know some of the posters on this board were acting in their own self interest cheering for the downside. It was like a tell in poker. Especially with the misinformation being posted. Comments like the stock price is going under a buck was a farce. All the bad news is out and you have a large smart buyer accumulating. I wonder if they are going to get after a few board seats with that kind of position. I also have noticed some real structural weakness with libor ois spreads widening to levels not since euro crisis. That means short term dollar shortage. Fed might have to act with liquidity before something bad happens.
Comment by
George98 on Mar 19, 2018 8:54am
Perhaps it is a good idea to find the companies where Waterton has big stakes. They acquired CONA with a good premium a few days ago and now they sell KDX with a big premium.
Comment by
p.yu on Mar 19, 2018 7:07pm
I think you have the wrong company. Waterton does not normally buy equity stakes. It was unusual to see them in KDX but they knew the assets better than anyone.