Aug. 10 at 11:42 AM
$SLS
OK ... # 4
Someone asked for my top 10 Special Situation Stock holdings ....
I've called
$SLS the best asymmetrical investment I've found in my 43 years of investing ... It's the largest holding, by far, in an over
$1.35 mil portfolio ... I expect MINIMUM BO of
$140 and MAXIMUM BO price of
$202 in a Bidding War during Q4!
Now #4 ...
$PRTH
$PRTH got a BO offer by Founder & CEO Thomas Priore to acquire the remaining shares of the company he does not already own for
$6.00 to
$6.15 per share in cash ...
Thomas and his brother John Vito Priore -- the company's former CEO -- Together control about 63% of PRTH stock ...
Major stockholders like Buckley Capital Advisors and Steamboat Capital objected to the take-private offer as too low ...
I expect deal to close in 2-4 months with the price being upped to
$6.60-
$7.40, prices at which it recently traded before coming down on a soft earnings report just out.
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