Feb. 25 at 8:28 PM
$MANU Leon Cooperman knows the value and has recently added. Why did he just pour another ~
$20 million into the stock? Because he is a legendary Wall Street value investor, and he is looking at the exact same math we are.
Cooperman is trading the "Asymmetric Risk/Reward" setup: he knows the
$33.00 Ratcliffe "Drag-Along" parity acts as a theoretical safety net.
He is reading the same reports about INEOS's distress and the Glazers' commercial real estate margin loans. He knows a deep-pocketed sovereign wealth fund (like a UAE consortium) is the only logical exit valve for this mutual distress.
He is parking
$50 million in the "waiting room" to collect a massive, low-risk premium when a Middle Eastern buyer inevitably pays
$35+ a share to clear the Glazers and Ratcliffe out of the room.
Mario Gabelli has
$8.3M here too and is telling everyone it's an easy double. Buy and hold.
