At the curent share prices wouldn'it be better to buy THE at this point. Here's my math....comments much appreciated!
Todays closing prices HERO = $25.14 THE = $39.10
$39.10 - $16 cash leaves you with .979 shares oe HERO for $23.10....divide by .979 to convert to get the actual price for a full share HERO...$23.10/.979 = $23.60! Seems like a no brainer to me. For disclosures sake, I've already purchased 2k HERO...but seriously considering switching out.
NOBODY ANYWHERE in their right mind is expecting this to not go higher at some point. The only thing keeping it where its at is people trying to purge shares so they can buy more and ride it to 60 dollars, and that's what will happen before they get done with it. You guys can screw around if ya want. I hope shorts get done with their positions before they let it run, and I also hope you guys are able to get all ya want before it heads north. If you don't get in cheap your gonna wish you did. Why screw with a point or two and miss 30? You guys are risking alot of returns over a few points not riding the long. Just wait and see. It will happen. Don't get your head torn off over a few % short.