In recent months, DMC Global (NASDAQ:BOOM) has been on the radar of special situation investors. Although BOOM stock itself has moved lower during this time frame, there are several developments that suggest a further
DMC Global: What To Make Of This Special Situation
Summary
- In recent months, DMC Global has been on the radar of special situation investors.
- This is due to the industrial products company's decision to pursue strategic alternatives, as well as due to a recently reiterated takeover bid for the company from Steel Connect.
- However, upside isn't limited to just the $16.50 per share STCN is offering for the whole company.
- Given DMC Global's underlying value, and the potential for further activist activity, an eventual move to prices north of $20 per share is within reach.
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