Whopper Investments
Deep value, special situations, event-driven, arbitrage

New Offer Marks Beginning Of A Happy End Of SWS

Upfront Disclosure: I am long SWS (NYSE:SWS). The views expressed in this article are purely my own. Please do your own research.

At noon yesterday, SWS shareholders received some welcome news: Esposito Global offered to buy the company for $8 per share. Obviously, this is great news for SWS shareholders, and the stock market responded positively, with shares ending the day at ~$8.15.

I had previously recommended SWS in late January at ~$7.50 a share, right after Hilltop had offered to buy the company for $7.00 a share. Obviously, investors who bought on that recommendation are quite happy today.

However, I see no reason why shareholders who buy at today's prices (in the low $8s) won't end up...

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