I had looked at it $16 when the yield was 6%. I had passed mainly because a noticed capex over the years but the FCF was not increasing as a result. So I was not sure if it was wasteful. I am considering participating as a merger arb/special situation now. There is a bid on the table. So upside is $22 or if another bid comes in / bid is raised.Downside should be limited by the dividend yield?Thoughts?
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