I think BOXD definitely has something of value and they have demonstrable proof of it in the field. If they are being courted by the likes of KR & AMZN then their SaaS is certainly really something. We’ve seen FedEx and Pepsi in the playground too. That is no petty feat.
Their relationship with Aeon is worth way more than the face value of $110M. That is what drew me here in the first place. Then they have an host of other forward moving relationships, as we’ve both noted. And their shares are held, recently even, by some pretty hot institutions.
BlackRock seems to be the wildcard pain in the ass here. But we know so little. They could have unmet contingencies, or be hatching an evil plot …or they could just be dotting the i’s. Trying to fathom what’s holding back a deal like this makes my head spin almost as much as trying to value it.
And I don’t see anybody out there buying all these shares at ..35-.40, so I really start to wonder. If it’s a 10 bagger from here, why is it being left alone? Heck, if it’s +50% in under two weeks - who would walk away from that? I know, I know, the risk of the unknown.
It’s not like the news will come and it’ll just start running. If the news hits, the stock will have a new price and that’s that.
If you're not living on the edge, your taking up too much space.
