Not sure you would want to do that yet. Musk has talked about an IPO several times but has never gotten around to doing it and they spend huge amounts of money attempting to do what they do. If they can perfect the soft landing and reuse of the first stage I would not be surprised to see an IPO at that point.
It is interesting to note that ATK went from 158 to 100 and is now back to 125. If we get the spin off price of 60 then we are trading at about the right level today (26.70) and 65 would take us close to 29 on the spin off. A spin off at 55 would drop us to about 24.50. Over the next few days the price of ORB may give us a hint in advance of the spin off value so I am hoping we move through resistance and head towards 30 on ORB in the next week or so.
I surely meant no slight Chb. at times it just seems that Tom and I are the only ones left, and we have held this thing for close to a quarter of a century. Frankly, if I didn't double down when they had the accounting problem in the early 2000s I would be under water on ORB .UST bills would have been a better investment for me. With respect to the new companies, I have no view of the VSTO stock, and have concerns about OA until we hear something positive from NASA on CRS2. I am still thinking the new company trades in the 55-65 area. we will get a better idea next week...I think
You didn't address me in your post, but I must say I have found ORB to be a moderately good investment over the years I have held some. Not a home run, but I'm showing around a 50% total return over more than 15 years. There are time when my gain was considerably more, I have to admit, but I'm not a timer. I'm looking forward to seeing what the new companies can do.
After what seems like forever, no longer will ORB exist in its current state. On Jan 27, the expected approval by ORB shareholders of the merger. On Jan 28 ATK will report earnings. on Jan 29, VSTO will trade on a wi basis as will ATK post spinoff. I am guessing we get .449 of that price until the Feb 9 closing date for the merger. I suppose will hear from Thompson via a conference call around the 11th of Feb as CEO of the new company , OA. It's been a long and unprofitable ride.....
Gives no clue as to who would invest or how to raise the money but the idea was thrown out there for his minions. I thought for a moment that his sycophants were going to claim he had invented the Hyperloop concept. Guess I am just feeling a bit snarky this morning.
I soooo agree, Tom. I can't wait for the day OA has a price and trades as one entity. Right now I am of the 60 mindset, with VSTO trading at 30.
It is 1 pm... The DJis down 250 and ORB is up ... This should reverse ttself any second now. I am gonna join you in the dark manure patch....
Still have to think the combined company is worth 60 at the least. So much uncertainty right now. Curious as to what happens to 4th Q earnings reports for ORB. If the merger goes through there needs to be a big sell job by Thompson, et all about plans , new biz, synergies and guidance. Both companies are lacking any news other than things like the purchase you noted,which gives no impetus to buy the stock...BWTFDIK.
Stock price is almost schizophrenic. 22 to 27 to 24 to 26 (all since the Antares disaster) kind of affirms the market's lack of surety over what the merged company will be worth per share. ATK has been moving up and the London Co. of Virginia's purchase of a rather decent passive stake is interesting given some of the negative headlines indicating that OA may be left behind by SpaceX et al.
I guess in the end it is a 2 for 1 split after the spinoff and really shouldn't effect the value of OA. The thing about Orbital right now is that nothing is going on. I am clueless why it went from 22 to 27 and now clueless about the latest drop in the face of a strong market. I am intrigued about the ex distribution trade for ATK if the merger is approved. I am trying to figure out if that is the price of OA or just the ATK without VSTO and ORB. If you read something let me know..thanks .
The unknown here is what price will be attached to OA and right now I am not overly confident at Orbital has dropped about 1.50 in the last two days. This two for one deal for VISTA Outdoors is puzzling.
Okay , the closing date for the merger is , if approved on January 27, expected to be February 9. On Feb 5 , VSTO ( the spinoff) will trade on a WI basis, and ATK will trade both on a "regular way " and on an ex distribution way. The latter shares will not carry any rights to owning shares in VSTO. Yesterday, a new wrinkle was added ! VSTO owners will receive 2 shares for each share owned on distribution date.