Ordinarily I wouldn't create a post simply to illustrate the spread between Alpha and Fission, but it has become too wide for me to stay quiet.
Here's where it currently stands.
On a fully diluted basis, Alpha is trading at almost a 12% discount to Fission. In my experience, that is not a sustainable siutation.
|Share Price||Basic Shares (mm)||Cash, basic ($mm)||EV, basic ($mm)||F/D Shares (mm)||Cash, f/d ($mm)||EV, f/d ($mm)|