Agree with your calcs, but ...
1) I have enough PDL at the moment
2) If the deal does not go ahead, I want insurance. PPT was cheap at $27.20 on its own pre-merge.
3) If PPT bounces, when analysts do their stuff, I might be out on a quick trade.
4) PPT has a nice little franked div on the near horizon.
Logic looks different to each of us. Be nimble with some trades. Be slow on others.
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Agree with your calcs, but ...1) I have enough PDL at the...
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