It's actually kind of funny that the author wrote thie piece to discuss how this merger would add value to FAT shares, but fails to mention FCCG trades at nearly a 50% discount to their equity in FAT share holdings. HELLO....anyone happen to notice a ticket for first class is cheaper than coach for this ride?
Given that, it's also kind of funny CEO is reassuring recent FAT IPO investors they will be treated fairly in a merger transaction with FCCG.
Even with FAT shares at a low near $5.70, each FCCG share has about $3.80 per share equity in FAT.
"Our houses are such unwieldy property that we are often imprisoned rather than housed in them." - Henry David Thoreau, Walden: Economy, 1854
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