XpresSpa Group Inc (XSPA)

[VrngaDingDing]

My view on the deal after digesting it some is this. I am disappointed with the lack of transparency. Whether the deal is a "good" deal or not, I am willing to trust management. As for the stock price, which is my primary concern in the long run, I believe the stock is undervalued. We will see what this deal does to the price in the next day or two. I think it will be a straw on the camel's back that will break the long jam on valuation. Will it be the straw that breaks the camel's back? I don't know. I don't think so. If it gets the share price above 3.33 on a sustaining closing basis, however, then add the technical picture improving and the straws continue to add up. At some point, the camel's back will break, I believe. This will have a valuation north of $4, which I strongly believe it deserves presently. (I definitely am not in the double digit crowd, but 4-6 with a good GOOG settlement seems fair to me. The range differs based upon numerous assumptions too many to get into here.)