Post by
garyreins on Oct 19, 2023 11:18am
Is it just me?
Or does everyday feel like an eternity watching this dive 2-3% while we wait for this strategic review outcome heading into the 3rd month. Just give me an offer man- that's all I want. Lets see it and move on. If its bad, then pass. Like what is this team even doing
Comment by
Panic54321 on Oct 19, 2023 11:22am
That's cause it's in PDL best interest to continue to let the stock price drop so he can offer a lot less for the company. This has played into his hand perfectly...
Comment by
garyreins on Oct 19, 2023 11:24am
Agreed...woudlnt surprise me if the final move is a NAV writedown to $10 while they offer $8.50 or smoething
Comment by
Panic54321 on Oct 19, 2023 11:28am
No question they're gonna lowball it. They're just waiting because as long as the stock is dropping they can easily offer less and get away with it. it will seem like a large percentage gain from where the stock is at currently.
Comment by
garyreins on Oct 19, 2023 11:37am
Hard to tell what a low ball is, there's a almost $8 gap between NAV and trading price. I would expect $7.50 as absolute minimum without writing down their Net asset value, but dont even think that would pass. $8-9 maybe is a go, $9+ probably a guaranteed success