RE:RE:RE:Laruch12
TeamEddie wrote: regency bias is not part of my evaluation process I am speaking of a potential buy out level not where the play was, but I hope you are right and it goes for more than $4
David
By regency bias I assume you mean recency bias? You seem to be implying that the run up to $4+ is based on some sort of 'play' that has no bearing on the final outcome of this stock.
I'm long in this stock. I have shares I bought sub $1, many between $1 to $1.50, some above $2 and even some at $3.50 as part of my TPR accumulation strategy.
I invested at $3.50, as part of my TPR play, as I feel somewhat confident that I can, at least, double my money on that investment and still get my TPR 'free' shares. I'm sure even the enthusiastic people that invested at $4.48 did so so they could get TPR but we're confident that in the end SALT will finish north of $4.48 for a gain overall.
I know you think that this stock will cap out at $3 to $5 due to climate change. However, I still think this can finish in he $8-$12 range and that's the goal posts I set earlier this year. Hell, depending on how badly Compass/Kock or Stone Canyon/Demtree want this asset the price may even surpass my range.
My take on this is that a sale will not happen at $4-$5. At that level Atlas is forced to develop themselves pursuant to their fiduciary duty to maximize shareholder value.
My play in SALT has been predicated on $8-$12 for some time now. I felt validated earlier in the summer by Canticle's $10 buyout estimate. I'm hoping it goes for more but a deal in my range is a homerun in my books.