what's the downside risk if the deal blows up? about $1?....risking $1 to make $4 makes sense to me...anyone else agree? Your two cents would be aprreciated!!!!
Well if the stock is 11 and the deal is at 14, then the upside is 3. I doubt the downside risk is 3 so if you view it as a 50/50 proposition then long is the way to go.I'd love it to slide down a little more, as deal or not it's worth more than this but the market for this stock hasn't always been 100% based on worth.
the deal is at $15, hence the $4 upside..... Although $14 could be a revised price.