A bunch of Cons
$Loyalty Ventures(LYLT.US$ So LYLT was a spin off of $Bread Financial(BFH.US$ (Comenity Bank) or World Capital Bank(World Financial Network Bank) in January 2022, where they raised $250 million from investors. Now LYLT is being bought out by $Bank of Montreal(BMO.US$ whose parent company is World Capital Bank(Bread Financial) and is owned by Blackrock and Vanguard. So basically they sold LYLT to investors for 250 million dollars and will now buy it back for 50 million. This will offset LYLT's large goodwill impairment which was causing BFH to lose 19.00 per share because excluding non-cash goodwill impairment charges, LYLT has normalized earnings of over $2.75 per share over the latest trailing-twelve-month period. Damn the trickery! 😂
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Lane Lerche : So is this a buy now or still going to dip more
Mcsnacks H TupackOP Lane Lerche: There's 100,000 short shares left to sell out of 1.2 million. So .20c is about as low as it can go.
Mcsnacks H TupackOP Lane Lerche: My buy in is set at .15c until the market opens to see if it dumps some more then.
Stock Trader : I set it to.17 and think a drop of more than .2 will cause a lot of people to open positions
MonkeyGee : that is F up. u get better odds in a casino