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  5. PRL: Hi team, Is the 10% drop in PRL shares a buying opp today? [Propel Holdings Inc.]

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Q: Hi team,
Is the 10% drop in PRL shares a buying opp today? As usual in the market these drops make little sense mathematically speaking the offer of 100 million in shares on a company with over 1 billion market cap should theoretically not drop all the way back to offer price . Same thing happened to HPS a couple days ago. If the deal was good; which no reason to doubt it won’t be if you trust the company , then it seems like a gift to buy shares in the dip on days like today. Or what am I missing here ?

Thanks ,
Shane
Asked by Shane on September 30, 2024
5i Research Answer:
Not much; shares nearly almost always drop on a financing, as investors sell in the market and...
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