I left several months ago but still have stock through ESPP. Watching the price I'm wondering why it's not trading much closer to the $104 deal price. I did read about reluctance of finance companies to cover the debt based on higher interest rates but does someone know something that it's trading below $100 and we're very close to the sale date? Is this normal? I haven't looked in detail at the short interest, if there is any, to tell if the players are planning on this not happening, or, it will happen at a revised lower price. I planned on just getting the distribution of cash from the sale but am now wondering do I just sell it now and not worry about the "what if's"? Appreciate any feedback on this
2 replies (most recent on top)
You left several months ago. Your main point.
You should have sold at $101 or $102.
Deal could always fall through…