KAR Auction Services Inc (KAR): Wow. Quite the drop even with the sto...

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KAR Auction Services Inc (KAR)

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Friday, 06/28/2019 10:10:15 AM

Friday, June 28, 2019 10:10:15 AM

Wow.

Quite the drop even with the stock dividend.

Most analysts said the old entity and new entity were valued the same, so this 60% drop seems a bit much.

$27-28 seems like a more appropriate low price with $30 being a bit much.

$23-24? sounds like a deal.

If the options adjusted to the ex-dividend, might be a ridiculous trade.

Have to settle with stock for now.

If the institutions ramp it to some proper adjustment, it will be fun.

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