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re: Special Purpose Acquisition Company (SPAC) Discussion
Posted on 6/23/20 at 8:36 am to weisertiger
Posted on 6/23/20 at 8:36 am to weisertiger
How do you determine the value on something like this?
What news would come out of the meeting in a couple of days that would make the stock go up, and what kind of rise are we talking about?
I'll hang up and listen
What news would come out of the meeting in a couple of days that would make the stock go up, and what kind of rise are we talking about?
I'll hang up and listen
1
Posted on 6/23/20 at 3:11 pm to jmcwhrter
ACTT
Tomorrow they are voting to approve the merger of the two companies creating a new company (whole earth brands).
Valuation is tough but you can look at the financials of the merger companies to get an idea of what you are buying.
I like ACTT for a couple reasons. There is significant momentum in the total SPAC space right now. Everyone saw how great NKLA did, people are eager to find the next one.
Beyond that, I like ACTT specifically bc of trend towards healthy options. As someone said they are in starbucks and should become a name brand.
ETA
I think anything under $11 is extremely good value, I really think this is $12+ going into the vote and hopefully running to $15 after that. I am in at $10.00 exactly which is actually under the insured amount in the event the vote doesn't pass so my risk is little.
Tomorrow they are voting to approve the merger of the two companies creating a new company (whole earth brands).
Valuation is tough but you can look at the financials of the merger companies to get an idea of what you are buying.
I like ACTT for a couple reasons. There is significant momentum in the total SPAC space right now. Everyone saw how great NKLA did, people are eager to find the next one.
Beyond that, I like ACTT specifically bc of trend towards healthy options. As someone said they are in starbucks and should become a name brand.
ETA
I think anything under $11 is extremely good value, I really think this is $12+ going into the vote and hopefully running to $15 after that. I am in at $10.00 exactly which is actually under the insured amount in the event the vote doesn't pass so my risk is little.
This post was edited on 6/23/20 at 3:13 pm
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