Originally Posted by BeatNavy

A hold/sell decision on a stock you own should have nothing to do with your purchase price…it’s all about current and future value (unless of course you’re doing something for tax purposes like tax loss harvesting). If you base your own current value (what you think it’s worth or could get back to) based off previous values, you’re doing it wrong. Today’s value (and your hopefully educated guess as to its future value) has nothing to do with its past value. When financial experts (investment banks, analysts, private equity firms, etc) run models for valuation for values/future values on companies, nowhere in their models is a past value of the company (ie the value of what you bought it for at any point in time). Past performance is not indicative of future results…

If you think a forced sale of a stock you own at a 50% premium to its current price is a bad deal because you bought it at a 69% premium to its current price, I suggest something like this https://www.amazon.com/Investing-Dum.../dp/1118884922, or probably just get a financial advisor/consultant.

If you think the value of the stock you own will go up, and you have valid reasons to think that (solid DD, financial models showing solid future value, etc), that’s a valid reason to hold and hope for a different outcome. In this case, if you think SAVE+ULCC will appreciate more than 50% in the time it takes B6+NK regulatory approval to pass, that’s a valid reason to hold and hope B6 doesn’t happen (strictly speaking from a shareholder perspective). If you think it’ll go up because you bought it at a higher price, while humorous, it’s not sound investing strategy. Most professional investors aren’t planning on a 50% ROI in a 12-18 month timeframe. So if that opportunity comes for a premium like that, most tend to take it, unless there are compelling reasons not to. So far, as someone who doesn’t really care for the deal from a personal standpoint, I haven’t seen much from Ted that constitutes “compelling.” But I guess we will see what happens June 10th.