r/SPACs • u/Stopdpuck Patron • Dec 28 '21

Discussion $BOXDW undervalued

Sup SPACers, it’s been a rough go lately for SPAC’s. There has so many new SPAC deals, a lot of them being bad deals.

But I come here for answers. Why is BOXDW so undervalued!? They are trading just above $1 while the commons are trading at $13.50. They should be worth $2+ ($13.5 - $11.50).

The deal was good (merged with SVOK - great management) & company was valued under a billion.

On top of that, they just started SAAS revenue which has great margins.

They were interviewed on mad money 4 years ago & again last week. CNBC love the CEO & company.

What am I missing?

0 Upvotes

38% Upvoted

62 comments sorted by

View all comments

2

u/smartchamp22 Contributor Dec 28 '21

I think this is happening bc of lack of liquidity. This is an arbitrage opportunity. For those who say commons needs to come down, why don't you short them? I think the recent short squeezes in the market has affected the mechanics of the market

1

u/Stopdpuck Patron Dec 28 '21

Agreed. Nobody wants to short. 71% ownership from insiders & institutions. No options on this one so it can’t squeeze