Thursday, October 20, 2016

More Virgn America

I’ve been building a position in Virgin America (Ticker: VA) as my conviction grows in this deal closing. Virgin America is in the process of being acquired by Alaska Air (Ticker: ALK) for $57.00 in cash. This position currently makes up ~ 48% of my portfolio at an average price of $53.73. All of the body language from Alaska Air has been positive in this deal closing. Now, it’s a question of when and not if this deal closes. I have modeled a closing by November 30th. We should be hearing from the DOJ soon…

8 Comments:

At October 21, 2016, Blogger lamano said...

Hi MT,

Your sizing shows conviction. Listening to the VA/ALK side of the story, I can understand such conviction, and I see it as well. However, we are obviously completely in the dark on the DOJ side of things.

Given how convinced management of RAD/WBA was, and how that one plays out so far, I am less inclined to go big in such an environment.

What do you think of this (old) opinion, any arguments why this could not materialize?

http://atwonline.com/blog/why-doj-might-reject-alaska-virgin-america-merger

Thanks and GL

JG

 
At October 21, 2016, Anonymous Anonymous said...

UPDATE: MediaNews Group's Offer for Monster Worldwide Shows Intention to Make Cash Tender Offer for Up to 8.93M Shares of Common Stock at $3.07/Share
UPDATE: MediaNews Group's Offer for Monster Worldwide Shows Intention to Make Cash Tender Offer for Up to 8.93M Shares of Common Stock at $3.07/Share
Copyright (c) 2016 Benzinga.com

what is this? why they make this 3.07 offer? what is the sense and their goal?

 
At October 26, 2016, Anonymous Anonymous said...

U still Still holding NXPI,TRNC,VA? Deals taking long

 
At October 27, 2016, Anonymous Anonymous said...

NXPI tender offer an issue? $110 offer cash, but price is 100.87 right now, over 9% spread. is it risky the condition of 95% of shares tendered or 80% of outstanding? such strange kinf of condition so strict??

 
At October 27, 2016, Anonymous Anonymous said...

NXPI they expect the deal to close end of 2017, why so long? but the spread is huge.

 
At October 27, 2016, Anonymous Anonymous said...

NXPI spread is less than 10% for the year. sold out

 
At October 27, 2016, Anonymous Anonymous said...

shares falling now 100 around 10%...... ok 1 year and more to close the deal, leveraged deal for QCOM, what if Nasdaq will crash in 12 months? may be too leverage for them?

 
At October 27, 2016, Anonymous Anonymous said...

QCOM would need approvals in so many countries. better use of cash for other deals

 

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