Mike Winston
Hedge fund manager, long/short equity, event-driven

TRIO: High Quality Business With Near-Term Catalyst And Asymmetric Risk-Reward

Buy shares of the TRIO Merger Corporation, because the ratio of reward to risk is better than 2.5x (35% up and 13% down). Or, if you are willing to take more risk, buy the binary style 2016 warrant (TMRGW) and invest 90c to make $3.00 (+233.3% up, $2.10 net). The warrants go to zero in the event of an unfavorable shareholder vote (explained below), but they have traded up in recent weeks in expe...

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