Aug. 8 at 12:36 PM
$SLS
OK ... # 8
Someone asked for my top 10 Special Situation Stock holdings ...
I've called
$SLS the best asymmetrical investment I've found in my 43 years of investing. It's the largest holding, by far, in an over
$1.35 mil portfolio ... I expect MINIMUM BO of
$140 and MAXIMUM BO price of
$202 in a Bidding War during Q4!
Now #8 ... A LOW-BALL offer of
$11.25 was made for
$DDI by the company that controls 67.05% of the shares. Q1 report had them at
$10.88 cash/share and expected earnings for the year of
$2.50-
$2.75 ...
They WILL NOT be able to do this deal -- and take control of all that cash, which is what they want -- for anything less than
$15-
$20 IMO ... since by Korean rules, they need 95% of ALL shareholders to vote yes, to be able to take total control and de-list the stock. That works out to needing a YES from 84.8% of the MINORITY 32.95% of shareholders (us) !
FOLLOW me 👉 @Mike22332233 as post Special Situation Stocks that have potential HUGE profits ahead!
