After its very vocal activist campaign on Dye & Durham, Plantro is back at it - taking aim at Calian Group (CGY) with a “leaked” letter to management…

… urging a full or partial sale of the company, specifically its underperforming IT segment - so CGY can focus on the generational defense setup in front of it.

Calian responded, and then announced a buyback program for up to 10% of the float - which Plantro immediately shot down as a bad use of capital. Things could get messy here, but there’s plenty of room for multiple expansion.