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bearish
Melco International Development
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StubWorld: Digital Garage Looking "Cheap". Melco's Consensus-Missing Results
Event-Driven
502 Views
08 Nov 2023 07:48
I see Melco's discount to NAV at 22% versus a 12-month average of 38%. The NAV discount and implied stub have narrowed nicely since mid-July. For those who have set up the stub, I'd be unwinding here.
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