Originally Posted by
panpanpan
Ok, so what’s currently going on in the market doesn’t matter at all? Got it. “Nothing to see here folks, move along.”
Basically, yes. Unless you’re day trading it doesn’t matter as we march to an ultimate decision and outcome. The merger can be approved and NK stock goes to $32 overnight, did NK suddenly become profitable and problems are gone? Must be, their market cap just increased 4x. Haha. Nope.
But using your logic, NK is worth more than JBLU based on your market cap assessment.