Comment by claritason May 17, 2025 10:33am
134 Views
Post# 36577646
RE:RE:I like what they are doing.
RE:RE:I like what they are doing.I don't think management was asleep. It was, in hindsight, perhaps a weak business decision to buy Certarus. It was applauded at the time by analysts as a good diversification move but they took on a lot of debt and Certarus did not yield the anticipated results.
Don't forget that Brookfield holds 13% of the shares and were very likely in the loop for the Certarus deal....
Certarus now looks at least stable and who knows might improve.
The dividend cut was the right thing to do and don't look for it to come back anytime soon.
Debt is the focus (due to Certarus)...