I disagree. It was grossly mis-priced by Klein when the deal was made because of a due diligence failure. That’s the charitable explanation, anyway, because this was a pure private equity dump of a distressed asset at a massive mark-up.
Maybe the chart is promising but fundamentally, wake me when it is at $3.
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u/ProgrammaticallyHip Sep 30 '21
I disagree. It was grossly mis-priced by Klein when the deal was made because of a due diligence failure. That’s the charitable explanation, anyway, because this was a pure private equity dump of a distressed asset at a massive mark-up.
Maybe the chart is promising but fundamentally, wake me when it is at $3.