which states: TRS shares are trading around $2.75. The backstop of the takeover bid means investors buying at this price have a limited loss potential of 5 cents per share, at least until 7 January. They can simply turnaround and sell into the on-market bid at $2.70. However, if another bidder emerges, or the shares simply recover some ground lost over the last nine months, a TRS shareholder may see significant further gains. This limited loss, higher potential profit structure is a neat example of the one-sided risk that can deliver portfolio outperformance over the long term.
(Note: The date of 7 January is now 22 January).
So that begs a question: why aren't more investors buying with such limited down side risk?
TRS Price at posting:
$2.75 Sentiment: Hold Disclosure: Held
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