DIIBF - Dorel Industries Inc. - Heads I Win Tails You Lose

• Dorel has a dual class share structure which makes it impossible for minority shareholders to exert pressure on founding family shareholders occupying executive positions to improve operational performance.
• Business performance has been in a long term deterioration for the past decade and the company is not going anywhere despite a never-ending restructuring.
• Minority investors have no visibility into the top management's performance targets and compensation decisions.
• Despite a pick-up in biking and home renovation activity during COVID-19, the deadweight of Dorel Juvenile is likely to keep this company mired in trouble far longer than investors expectations.
• Investors are caught in a trap of emotional attachment to this value destroyer.

For further details see: