RE:RE:RE:They landed STEVE BALLMER!there's a bigger implication with Ballmer on board - that most investors are missing - it's not just about the LA Clippers - but he tends to take an equity stake in the companies he does business with related to his LA Clippers streaming venture. If 4k streaming begins to take off for in market games - and he's not stupid - he knows 4k OTT is the future of basketball - I wouldn't be surprized if Nancy Charles and company sell him a 10% equity stake at 10x-20x revenue multiple (since he paid a stupid multiple to acquire the LA Clippers) - to him - that would be a days interest - but to the market - that kind of vote of confidence will move the stock price - there are so many of these types of scenarios that it baffles me why it's it's not baked into the price - Ballmer can take an equity stake, Rogers can take an equity stake or buy out - but i'm not complaining - I loaded up and will continue to do so at these prices. it's a gift - just got off the earnings call - $69M in Cash!!!!
For those who want to see my other posts - with the long buy and hold - see my call on ivanhoe mines. I bought the stock at $0.69 a share....and it's trading at $2.17 today - and it moved to that level within months....
I see NLN having the same kind of momentum - it will spike hard - in short space - with some kind of major announcement.
Take thier market cap - convert to US - dollars- deduct the cash - and their core businesses are trading at 1.2 x revenue....with no debt.
The downside you're seeing is trading activity - which is a gift for long term investors.