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Home Forums Single Stocks Ackman’s SPAC PSTH.U Reply To: Ackman’s SPAC PSTH.U

  • Justin Oh

    Administrator
    July 28, 2020 at 3:35 pm

    I believe it was in the latest Live! https://www.youtube.com/watch?v=4ZiTXgUwviY&feature=youtu.be

    I just really don’t like buying pre-acquisition SPACs because you’re subject to dilution and a really unfavorable pro-forma cap structure. I’d rather wait to buy after we know what the company will be, analyze it, and see if its a fair price even after an immediate run up. Otherwise, it’s just gambling and subjecting yourself to the mercy of the sponsors.