Post by
DZtrader on Oct 20, 2023 9:16am
On a little more serious note.......
It is certainly nice to see all these large block trades and significant accumulations happening, no doubt. It is even beginning to make ME wonder if something of scale might be in the works. I guess it's just human nature to "wonder" about the what ifs. While I don't have visions of granduer here just yet, it is very curious I'll admit. Not entirely sure this size and number of entities get this wrong.................at least I sure hope not. At the risk of being a downer, there is a flip side to this as well and that is, the serving up of the nothing burger or close to it. What happens to all these positions. As Bunny states, maybe they are just making prudent investments here but something tells me its a bit beyond that, guess time will tell. If we do get close to the nothing burger, perhaps it will be all of us "needing more Tide" if these positions get unwound! Now that's not a pleasant thought!
Comment by
borne2run on Oct 20, 2023 9:25am
Watch the preferred shares. IF there are serious signs that a buyout is in the works, the prefs should firm up. In a buyout scenario, the prefs will be redeemed at par. 40% + upside from current levels.
Comment by
DZtrader on Oct 20, 2023 9:35am
Good point. To re-iterate, personally I remain skeptical of a "wholesale" deal here although never say never. I was also thinking, should even something of scale be in the works or happening, I should think we will see an inevitable pop. Not just hold our own but about a 6-10 percenter at minimum. Hmmm, now I'm starting to speculate, better just real those thoughts back into reality.
Comment by
DZtrader on Oct 20, 2023 10:00am
Agree wholeheartadly. Nice insight on the prefs as well. I think we are in the same camp on the current state of Artis and looking forward. Just seems unlikely here. The right thing to do always seems the hardest to swallow.