@GeorgeC1953@dan_tmt Gabelli owns ~ 17% of it. After all he wrote the book on merger/spinoff arb. Revenues up, receivables flat is positive. A spin-off as the market hit lows in Oct ‘22 was a bold move. March and Aug had nice tight action- looser now. The Oct breakout traded ~18% of the shares o/s.
A great stock doesn’t need to be a forever holding. Who remembers these names?
The leading stocks of 1995:
AccuStaff: 1,486% return in 16 months
C-Cube Microsystems: 494% in 9 months
Macromedia: 198% in 9 months
USRobotics: 347% in 10 months
@Trading_Sunset I agree with you. The biggest problem with the leveraged ETFs is that they have daily settlements. That creates daily realized gain/loss leakage on top of the underlying movement. As a result, a lot of them converge to zero over the LT.