Greg Boland and Jason Karp (pictured) have different views on SunOpta, Inc. (USA) (NASDAQ:STKL). According to a recent filing with the Securities and Exchange Commission, Boland’s West Face Capital has disclosed an increase in its holding to 8.47 million shares, from the 4.17 million shares reported previously. This move gives Boland control over approximately 9.9% of SunOpta’s common stock. Karp, on the other hand, has recently disposed of 50,000 shares at prices varying between $5.00 and $5.24 apiece, as disclosed in a new Form 4 filing. His fund, Tourbillon Capital Partners, currently holds 8.51 million shares, which represent roughly 9.98% of the company’s outstanding stock.
You need to do your homework my friend. Google this "Why Wellington Management Group Llp Just Disclosed Huge New Sunopta Inc Stake
And by the way it was not the conference that hit the stock it was the downgrade from CITI and an insider sale. But the long term story is solid. Wellington knows something I and you don't know. They manage billions of $$ in stocks and funds. Waiting for $7 is like waiting for snow in the desert. Aint gonna happen. The lowest this could go is $9 if things get worse. Just selling their mineral business will lower their debt by $75 million. The worst scenario Wellington could force management to sell the company.