Sunday, November 19, 2017 8:43:03 AM
I continue to hold ALDW, which is in lock step with DK now and exhibiting zero fear of deal unwind given the tight spread on announced terms. Given the deal could close in a short period of time, Arbs in my view would jump in if there is a spread widening so I don’t fear a sell off. I will be looking for an exit point (in my mind $15-16) though I love the way DK is trading. 1.9m shares traded Friday (2x normal) and that can’t be all you guys :)
Glad to be back in the U.S. and looking at some of the other recommendations.
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