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DewDiligence

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Re: eawolfie post# 9157

Friday, 11/21/2014 10:45:22 AM

Friday, November 21, 2014 10:45:22 AM

Post# of 29487

How does a buyout work positively for Goncalves investment?

You’re really asking about Casablanca’s investment. Casablanca’ average cost is $25/sh, so that’s presumably a floor to the price at which they would agree to a buyout.

CLF is highly leveraged, so a tripling of the share price requires only about a 50% increase in the enterprise value (market cap + net debt).

“The efficient-market hypothesis may be
the foremost piece of B.S. ever promulgated
in any area of human knowledge!”

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