RE:Cardlytics (CDLX) is on a tear today...Thanks for pointing that out. Yes, at the closing price it makes it almost exactly 1 dollar a share, just a touch under, depending on whether or not the NCIB has been used.
It just goes to show how undervalued the stock is from an asset valuation: $1 a share for the CRLX, which is liquid and ascertainable. AeroMexico's stink bid, which they themselves in an earnings call said they were willing to revist, is still $2.01 a share. So with just those 2 assets, one at market price and one at the super low offer that was on the table, the stock is worth $3.01 alone. Then add the cash and we are so far over the market price its ridiculous, for a company with ZERO debt.
This type of discrepancy between NAV and SP starts to invite actions taking it private, or takeover bids. I suspect that something of the sort may be in the works.
Appleguy wrote: Cardlyrics is up 9% today.... and Aimia owns 3 million shares.
At $28.35 USD converted at $1.35 it’s about a buck per Aimia share.