Altagas Canada – my worst missed investment | Value Investing News

Altagas Canada – my worst missed investment

  • Altagas Canada (TSX: ACI) was spun off from Altagas (TSX: ALA) in the depths of ALA’s de-leveraging attempts.
  • Altagas went public at $15 in October 2018 and I was intending on buying shares when it inevitably dropped to $12 (if I was going to buy a new public offering, why would I pay face value?
  • In terms of valuation, the pension plans are buying for a billion in cash a company that also has net $640 million in debt on the balance sheet.
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