Please note: this is not a bullish memo, I'm just sharing an update on a name I've been following.

I wrote about Aimia in the past (here and here). It seems like they will be getting US$405M or CA$5.58/share from PLM, as projected. The current share price is $4.95.

I think the market disagrees with the management's past investment decisions here, and so do I...but this seems like an interesting situation.