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Bullboard - Stock Discussion Forum RONA inc. Cumulative Floating Rate Series 7 Class T.RON.PR.B

TSX:RON.PR.B - Post Discussion

RONA inc. Cumulative Floating Rate Series 7 Class > Looks like parts of Rona is for sale ...
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Post by vessob on Dec 06, 2012 7:28am

Looks like parts of Rona is for sale ...

The article makes it clear Rona or at least its component parts are for sale. Seems to me, there is opportunity for LOWES here.

https://www.theglobeandmail.com/report-on-business/rona-to-streamline-sell-non-core-assets-in-bid-to-revive-business/article6016907/

And the new boss just picked up roughly 128,000 shares:

https://www.canadianinsider.com/node/7

Comment by BearBullBrian on Dec 06, 2012 5:56pm
It's a no-brainer, but for the management at Rona that may mean it's too challenging: split the company into 1) big box stores and 2) franchise stores and buying group/distribution. Sell 1)big box stores, to Lowe's. BBB
Comment by Ciao on Dec 06, 2012 7:39pm
No, the new boss was granted options, he did not pick up any shares.
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