Outdoor Media (OUTD) has agreed to be taken out at $8.75 per share. With shares trading at slightly under that price, many will look at this and say there's no upside to be found here. However, it's my belief that, at today's price of under $8.75 per share (the take-out price), Outdoor represents a completely asymmetrical risk / reward. It's basically "heads, I win big. Tails, I don't lose anything." Given the dynamics here, I believe heads (winning big through a higher bid) is extremely likely (at least a 50% chance of happening) while tails (current bid going through) is your absolute worst-case scenario, as there is almost literally no chance the deal falls apart.
Let's start with...
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