GREY:AVNDF - Post by User
Post by
bbarberayron Mar 26, 2013 1:55pm
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Post# 21169691
Spyglass Price
Spyglass Price Since 1 Spyglass = 1 Avenex, Avenex will be the benchamark price going forward and the rest just trade at their ratios.
Looking at the chart for AVF, hard to see that it doesn't bounce back to at least the $2.25 - $2.30 range pretty quickly. Then $2.75 is a reasonable target given this was the trade range just after the merger was announced.
Long term, we could get back to the $3.25 range, but I don't see that for at least a couple of quarters to prove out the model.