GREY:LGVWF - Post by User
Post by
konzelmannon Feb 19, 2014 10:14am
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Post# 22224514
Actual value
Actual value
Don't forget that anyone who didn't take $5.50 yesterday refused to do so because they thought Longview was worth more than that - otherwise you would have taken $5.50+ already. We hit a bump in the road, it's still worth over $5.50. Regardless of if that value is realized today in a buyout, tomorrow in a buyout, or over time in gradual gains and dividend payouts, Longview was worth more than $5.50 yesterday and it's worth more than $5.50 today. No one should be a seller below $5, that's for sure. Granted, a short term gain might be more satisfying than a long-term gain. But I would argue that as a long-term hold, Longview is an excellent buy for the same reasons we discuss why a buyer should pay over $5.50 for it today. I suspect that one way or another a deal gets done anyway though. Because the buyer has skin in the game with those shares they bought at $4.45 as part of the secondary. This was a great flip for anyone who bought at the right time and sold at the right time, but at the end of the day I think you all want to be holding some for tomorrow. If you had the chance to make money and/or lower your average in in the process, all the more power to you.