RE:RE:RE:BED was suggested to me many times before.....Thanks for the suggestions. ChefBoy - you're the one that suggested BED to me back in December. I wish I took your word for it. You even mentioned recently that these guys are going to be acquisition targets. Good call. You know more about this than most give you credit.
Chefboy69 wrote: CasusFortuitus wrote: TheGreatGazoo wrote: Where's this heading tomorrow & Friday? Will there be any profit taking Friday and create buying op?
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Given the 1 to .465 share ratio and TWD's closing SP today ($2.05), BED shares (closed at 86 cents) would actually be worth 95.3 cents if the deal closed today.
That means there is a 9.3c difference in the SPs creating a risk arbitrage opportunity, by buying BED shares at 86c that are actualy worth 95c and selling them either when BED's SP catches up or after the TWD conversion. This, of course, assumes TWD's SP will remain at $2.05 or increase.
The market likes the deal and Tweed's SP reflects that. Tweed also has financials coming out in the next few days (some think tomorrow morning) that could further push TWD's (and thus BED's) SP higher.
Will there be some profit taking? Surely, but I think the real benefit will be in holding your BED shares. My opinion, of course.
I agree HOLD
the Tweed/bedrocan stock will be worth 3 dollars by the end of the summer
all my opinion but this is a POWERHOUSE now