RE:RE:RE:RE:RE:Beware of the wolf in sheep's clothinginearly123 wrote: it might be time for the shorts to cover. what do you say, Solarman, are the shorts covering?
Both you and Solar are obsessed with shorts, that is just noise. Focus on news and fundamentals and ignore the noise.
Yes the merger is still very important for TSG, which had limited growth and too much debt. Both problems are solved by merging with Flutter.
The temporary loss of revenue for Flutter and Stars while sports venues remains closed does not materially change the merger terms which have already been determined.
Trying to 'sweeten' the deal because Flutter is going to lose proportionally more revenue than Stars in the near term is a fool's errand. Competition bureau hurdle is cleared, The Star Group stockholders will approve this deal.
Go back and look at the stock price of Stars Group prior to the merger and look at it now, even post Covid 19 this merger has really helped Stars Stock price.
The real question is have the forecasts for loss of revenue by Flutter been too conservative and therefore should we get out of this stock now before it gets worse?
Or are we going to see Covid 19 case numbers peak in most countries in the next week or two and then a decline which will lead to a quick recovery?
I don't have an answer for that but it is weighing on my my mind right now.