Let's go Gambling CZR buyout
$CZR
AI SUMMARY — Bullish thesis on CZR acquisition by Golden Nugget with JP Morgan price target of $35-36 and enterprise value of $38-40, expecting 30%+ buyout premium. Poster has been accumulating call options since April 2nd, anticipating bid announcement in early May after recent delays.
| TICKER | CZR |
USER | u/Bagholder147 |
| RATING |
BULLISH |
ENTRY |
$27.80
|
| POSITION |
359 sh
SYN
|
BOOK VAL |
$9980.20 |
| CURRENT |
$29.60 |
P&L % |
+6.47%
|
| CURR VAL |
$10626.40 |
P&L $ |
+646.20
|
Let's go Gambling. CZR Buyout
Golden Nugget to buy out CZR . JP price target $35-$36
Enterprise Value $38-$40. Buyout premium is normally at least 30%. Been buying these calls since April 2nd. They peaked at .40 the week the bid was supposed to be announced but someone in the company's Dad passed away so talks got extended. I fully believe we get a bid announcement anyday now. The talks were supposed to be the first week of May. Let's ride