dudebob
Oct 6, 8:41 PM
Been looking at Tom Lee’s pre-DA SPAC
$FCRS 👀 …pre-DA is basically a mystery box — no target yet, so a lot comes down to the team and what they eventually find. 🕵️♂️
We’ve seen some extreme former-SPAC outcomes where the commons did well and warrants did exceptionally well:
$ASTS ,
$CRML ,
$USAR and
$MP 🚀… Rare example: ASTSW went from ~
$0.30 to ~
$27.62 at its peak — roughly +9,100%. This is a rare outlier. Warrants can also lose most or all their value. ⚠️
FCRS/WS is already around
$0.64 while the common sits around NAV. Not exactly cheap for a SPAC with no target yet. Are investors simply assigning more value to the team/optionality? 🤔
If they land the right target, could FCRS + FCRS/WS be another successful SPAC? Flip side, if the target is bland, how far could a ~
$0.64 warrant fall while the common stays around NAV?
Tom Lee has a long investing/research background and is regularly on CNBC, but picking a SPAC target is a different game. Commons or warrants? 🤔💭
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