GAPFF - Aimia Is A Clown Car That Fell Into A Gold Mine But It's Still Golden
Aimia (GAPFF) (TSX: AIM, AIM.PR.A, AIM.PR.B, AIM.PR.C)
As some background, we are intimately familiar with Aeroplan and Air Canada (ACDVF) not just as investors but as extraordinarily heavy consumers. As both an Air Canada top tier elite and Aeroplan top tier member I generate well in excess of 1.5 million Aeroplan miles annually, half from flying Air Canada and its partners and the other half from spending. As consumers we were concerned with Air Canada's decision (though we expect more details to come out that will alleviate these concerns) but as investors we