Sep. 9 at 4:45 AM
$KDP what am I missing? Prior to the announcement, the combined market cap of
$KDP and
$JDEPY was around
$62B. Today, the combined value is
$56B. So, over the past few days, we’ve collectively lost 10% of market cap. To return to
$62B, KDP’s price would be valued at
$32, or 15% higher from here. The math doesn’t work. What has changed? Do you really think this combination erodes value? That’s what the market is stating. Just remember, the market can stay irrational far longer than you can stay solvent.