The pot is raised in the play for Outdoor Channel Holdings (OUTD) with Kroenke Sports...


The pot is raised in the play for Outdoor Channel Holdings (OUTD) with Kroenke Sports Entertainment upping its bid to $9.35/share. The action now moves back to InterMedia (whose $9.15 was just topped). Re-raise or fold? Let's ask the two who've been all over this from the start: "I bet InterMedia has a $9.75 bid in by tomorrow afternoon," says Whopper Investments. "Likely a double-digit price soon ... OUTD is worth at least $12 to InterMedia," says Chris DeMuth.

Comments (5)
  • Chris DeMuth Jr.
    , contributor
    Comments (10638) | Send Message
     
    This is an active auction with an open ended upside and an embedded put with a $9.35 strike.
    2 May 2013, 09:21 PM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (10638) | Send Message
     
    Double digit price.
    3 May 2013, 10:31 AM Reply Like
  • SA Editor Stephen Alpher
    , contributor
    Comments (562) | Send Message
     
    Nice work Chris!
    3 May 2013, 10:33 AM Reply Like
  • ActionDavidK
    , contributor
    Comments (12) | Send Message
     
    Great call Whopper. Correct day, within two hours of the announcement, and the correct price to the exact penny. Impressive
    3 May 2013, 10:35 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (10638) | Send Message
     
    Nice one, Whopper. This is an active auction with an open ended upside and an embedded put with a $9.75 strike.

     

    This is Rangeley Capital's second biggest position (behind GPT) this year. So far so good. It will be interesting to see this play out.
    3 May 2013, 10:40 AM Reply Like
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