GSL and Posiedon have agreed to a merger to take place sometime in November. GSL is being valued @ $1.78 a share by Posiedon and receiving over $200mln. With GSL trading at close today at $.95 the upside on the deal alone is great.
But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of circumstance for a nice upside potential for GSL. Given that GSL ran to over $4 in Nov 2016 and $2 in Nov 2017 we could see $1.78 and more.
Check out the top trend line on the monthly chart below.
tradingview.com/chart/7LmkLCpo/
seekingalpha.com/pr/17315211-global-ship-lease-announces-strategic-combination-poseidon-containers
But also now take into account the shipper run that has taken place the past couple Novembers and I believe we have a perfect set of circumstance for a nice upside potential for GSL. Given that GSL ran to over $4 in Nov 2016 and $2 in Nov 2017 we could see $1.78 and more.
Check out the top trend line on the monthly chart below.
tradingview.com/chart/7LmkLCpo/
seekingalpha.com/pr/17315211-global-ship-lease-announces-strategic-combination-poseidon-containers
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