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No way. They are going private at $65. Their real estate is worth more than that.
"Their real estate is worth more than that."I have a bridge in Brooklyn to sell you if you really believe that.
Tell, if he wants to go private, why would he gives you $65 a share. He would rather let the stock drop much much lower and get all the stocks for peanuts...
from EL and Failholme perspective - why pay $65 - when you can show at least 3 more qtrs of losses - and buy this way below - if that's what they really want. No institution will touch this since those guys have such a majority position.