Right after we posted the BUYOUT news today, within maybe an hour, the company issued a press release.
From what we know, the company is looking for an offer between $25 and $30 including the possible debt / potential future liability.
If the debt / potential future liability is rolled over into a separate company, the offer price could reach as high as $35 to $40 a share.
At this point, we think the stock is a screaming buy especially with verification today that at least 3 known companies / firms are interested in buying Arconic.
This could cause a bidding war!
We added another 350,000 shares today for a total of 500,000 shares
Average price, $20.63
AT MINIMUM, KNOWING THERE IS A 99.9% CHANCE ARCONIC WILL BE BOUGHT, THE STOCK SHOULD BE TRADING BETWEEN $25 AND $30 RIGHT NOW
FYI...
Look at ALCOA CORP COM - $6.3 BILLION Market Cap.
Trading at over 1,100 times trailing earnings
52 week high, $62.35
NOW LOOK AT ARCONIC INC COM - $10 BILLION MARKET CAP, LAST 8 MONTHS, EARNINGS OF $2.37
ARCONIC ALSO PAYS A DIVIDEND, ALCOA PAYS NOTHING
ARCONIC'S POTENTIAL FOR FUTURE EARNINGS COULD DWARF THAT OF ALCOA
ALCOA CAN'T GET IT'S DEBT UNDER CONTROL - ARCONIC HAS A BETTER FINANCIAL BALANCE SHEET THAN ALCOA
From what we know, the company is looking for an offer between $25 and $30 including the possible debt / potential future liability.
If the debt / potential future liability is rolled over into a separate company, the offer price could reach as high as $35 to $40 a share.
At this point, we think the stock is a screaming buy especially with verification today that at least 3 known companies / firms are interested in buying Arconic.
This could cause a bidding war!
We added another 350,000 shares today for a total of 500,000 shares
Average price, $20.63
AT MINIMUM, KNOWING THERE IS A 99.9% CHANCE ARCONIC WILL BE BOUGHT, THE STOCK SHOULD BE TRADING BETWEEN $25 AND $30 RIGHT NOW
FYI...
Look at ALCOA CORP COM - $6.3 BILLION Market Cap.
Trading at over 1,100 times trailing earnings
52 week high, $62.35
NOW LOOK AT ARCONIC INC COM - $10 BILLION MARKET CAP, LAST 8 MONTHS, EARNINGS OF $2.37
ARCONIC ALSO PAYS A DIVIDEND, ALCOA PAYS NOTHING
ARCONIC'S POTENTIAL FOR FUTURE EARNINGS COULD DWARF THAT OF ALCOA
ALCOA CAN'T GET IT'S DEBT UNDER CONTROL - ARCONIC HAS A BETTER FINANCIAL BALANCE SHEET THAN ALCOA