GREY:PGDIF - Post by User
Post by
ekimon Feb 18, 2015 3:40pm
106 Views
Post# 23440816
Another takeover today
Another takeover today https://www.marketwired.com/press-release/-1992806.htm
52 week low of GRO was 3.5 cents.
Price post announcement - 18.5 cents.
Equating to PGD and 13.5 cents, you get a 71 cent takeover price.
That is going to be one measure of these takeovers.
How much undervalued were these companies when they reached there 52 week low.
In this case, the market was undervaluing the company 5x.
LONG...PGD
EKIM