Why Gordon Pointe Acquisition (GPAQ) Stock Popped 11% Today !
It's soon to be known as " Hall of Fame Village entertainment and resorts" HOFV with a Nasdaq Listing(and a competitor to Disney Resorts ) after a reverse merger.
Chances are you never heard of a stock called Gordon Pointe Acquisition (NASDAQ:GPAQ) before today. But chances also are that you've now heard of this special-purpose acquisition company, after the stock rocketed 11% on Monday.
According to a insiders report ,GPAQ stock is surging because a prominent Hedge Fund is said to be increasing there investment stake in this Disney style resort for its Top Institutional Holders.
The head of Mizuho Securities USA, Inc.said that he thinks it will be worth a lot more after it completes its planned acquisition this week.
Upon consummating this week, GPAQ , which will trade as HOFV, will be worth over $1.5 billion in enterprise value,
When you consider that Disney (NYSE:DIS), a much better-known brand in the Resort & Entertainment space, has annual revenues of 69 Billion and who's stock split 5 times presently trading at $112.00, there's certainly an argument to be made that GPAQ " Hall of Fame Village entertainment and resort stock could be worth a lot more with expected revenues of 15 billion in 5 years and growing more than 30% year to year.
Lets not forget this GPAQ has over 15 revenue streams including online gambling, sports betting, and tapping into 30 Billion in NFL revenues. With major sports re opening, NFL season to open in 2020 at a present stock price of $13.70 and merger vote be completed this week don't be surprised to see this pop over $80.00 in coming weeks ! With a Float of under 2.8 million only it won't take much trading to get this parabolic.
Daneil Obrien
Suntimes Financial News Letter
You should not treat any opinion expressed by Daniel Obrien as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion.
