RE:RE:RE:Compulsory buy outGoodbuyu wrote: I for one thought the offer was unfair and low. With Stella finally ramping up sky was the limit. Anyway.. worst thing now is the remaining shareholders such as myself, will be forced to turn over our shares for the $1.95 original offer. The buyout will become mandatory. That's all.
Well, it may not become mandatory. Delek has not indicated which way they will go. With over 94% of the shares - once all tendered, they can do whatever they want, including simply sitting on the company and eventually delisting and letting the remaining 5.8% of shareholders to fend for themselves. The idea of buying more of this company on the assumption that Delek will eventually force a sale for $1.95 is highly risky. And with a maximum upside of 30% (which is good), there are much better plays out there that would garner more than 30%. Try RRX right now or BIR or WCP or TOR or CJ. All are sitting at a significant discount and all will return closer to 50% over the next year if OPEC extends the cuts and supply and demand balance and move into the $60.00 range. Why anyone would invest in IAE now is just beyond me and foolish. But to each there own.