DEG has made a break away from the Peloton this morning and left everyone flat footed. DEG at 78c today gives it a MC of around $912.6M and DGO's investment in them at $149M or around $3.68 per share without NTM and cash at bank . So the question is will DEG stay at that level and if it does there will be an obvious correction in DGO's share price to bridge that anomaly. I think sooner or later that gap will close to a more realistic figure .
DGO Price at posting:
$2.80 Sentiment: Hold Disclosure: Held