If you think the deal will go through then selling HHI is...

If you think the deal will go through then selling HHI is mathematically correct.

If you think the deal will will fail (with a recap) then it presents compelling value IMO.

But unless you are a trader, buying the loss-making cesspit that is CPH is bewildering IMO.
It makes it such a missed opportunity here for HHI and given away for free. It's funny CPH put a cap on the price originally but HHI didn't put a floor, idiots.

P.S. The PA since 4c suggests market is having a think about it.