Low valuation here likely has a lot of Private Equity money interested. With lower gas prices benefitting the entire retail industry in the first half of 2015, I don't see FINL staying at these low levels for long.
Deal is for cash plus GTECH stock. Since GTECH is already trading higher in Europe, the T/O price works out to $19+. Deal to close in Q1 or Q2 2015. I am guessing we trade at $18- $18.50 today.
Come on. This dog does not have good y/y comparison, for sure. However, the brand, existing sales and the balance sheet should surely justify a $16 or more offer even a half-way intelligent PE fund manager.
Beware of downgrades after the news is out and the stock has already tanked. Many of these trolls are paid off by the large hedge funds, who are now buying DSW with both hands.