Aug. 21 at 11:47 PM
$WHLR OK, upfront confession that I'm not an expert here and am happy to be corrected. But the main differences I see are that while Wheeler is RSing 7-1,
$BINI is 250-1 (again). Wheeler, unlike Mullen, has important things like assets and cash flow.
They have a capital structure that brutalizes common via conversions from preferred. But I've read that they are retiring the preferred over time?
Happy to hear that I'm wrong here.
(Long WHLRP and Cedar B PFD, and would short BINI into oblivion)