CorePoint Lodging Stock: The Curious Case Of The Cerberus Offer

Dec. 07, 2021 4:54 PM ETCorePoint Lodging Inc. (CPLG)2 Comments


  • The offer from Cerberus values the company at below the liquidation value.
  • It's a low offer that ignores CorePoint's future potential.
  • Blackstone owns 30% of CPLG stock and is voting for the buyout.

M&A merger and acquisitions concept. Male human hand pushing the wooden block with the word M&A and completing the merger process.

cagkansayin/iStock via Getty Images

Unfortunately, the CorePoint (NYSE:CPLG) opportunity is coming to an end lower and sooner than expected. The two-pronged approach was on the one hand the company reaching positive EBITDAre and FFO attributable to common stockholders. On the other, it's

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"If you want have better performance than the crowd, you must do things differently than the crowd" Sir John Templeton I am a value investor and I try to look for misplaced bets, bets where the odds are heavily on my side. I make my own research, reach my own conclusions and try be an independent thinker.

Disclosure: I/we have a beneficial long position in the shares of CPLG either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I may buy, add or sell without giving notice here. Do your own research.
I will probably sell my shares before the deal closes.

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