As far as I can tell buying SAVE is VERY plus EV given the potential merger.
Rough guess is the bet looks like:
+90% on win
-60% on loss (maybe less given P/B of 1.36)
FAVORED to win. Thats a good bet.
Here is a quick primer: https://reddit.com/r/wallstreetbets/comments/18sx0n6/get_saved_with_save/.
More details:
Seeking alpha post—https://archive.ph/SbuXU
Another seeking alpha post—https://archive.ph/rmZOX
Spirit Airlines Merger Play
As far as I can tell buying SAVE is VERY plus EV given the potential merger.
Rough guess is the bet looks like:
+90% on win
-60% on loss (maybe less given P/B of 1.36)
FAVORED to win. Thats a good bet.
Here is a quick primer: https://reddit.com/r/wallstreetbets/comments/18sx0n6/get_saved_with_save/.
More details:
Seeking alpha post—https://archive.ph/SbuXU
Another seeking alpha post—https://archive.ph/rmZOX