Dec. 2 at 5:31 PM
$WBD $NFLX $CMCSA $PARAA
Hypothetical Playout from Here:
So today they have all the "2nd round" bids in Paramount trying to buy cheap and the other two trying to make sure that if they can't buy it below desirable level, the "winner" will have to pay up for the company.
Now the WBD investment bankers are telling the 3 bidders' investment bankers -- "Okay... they are going to ask for best and final offers now, and we can tell you based on round 2, this pending final round is likely going to take at least
$28.50 to be the winner."
Hunch: this will be done in a day or two, or WBD is going to find itself as a turd in the punchbowl with potential buyers walking away...
fwiw, I am playing pure spec (on just 4k shares, but I may take it back to 10k shares today depending on "secret" leaks the bankers let out), having trading this 4 green round trips since my last post here.
