I have been holding this dog for more than two years. First buy at around 50c then keep averaging down/trade shortterm-ly; now my current cost base is about 36c. During the past two years, I’ve basically re-invested all my profits from SDL(takeover), MRE (takeover), FMS(takeover) ,GCL (takeover), MOL and MTE into COK since I believe this is a multi-bagger one in long term. Surely POSCO and KEPCO wont be happy about this deal since their stake will be diluted significantly; however, with no better offer at this stage, SK’s offer is the only solution for the company in the short- term, middle term. Korean are not fool, I believe they’ll get this deal sorted for their only benefit. For us, let’s say be more patient ? lol....
COK Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held
