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No. of Recommendations: 1
Hey ears!

"One scenario would be to sell the shares on a deal pop, but keep
the warrants as an option for further appreciation if the deal looks to be a long term winner."

I was aware, but appreciate you mentioning. What I don't get, is that I can just hold the units that I have not, and not split them, and still sell the units if/when the stock pops on positively-received news of an acquisition. Let's say I wait 3 months, the merger has completed, and stock is now trading under a new ticker name. I finally decide to sell (and never split the units into shares and warrants): Will my units actually be slightly higher than the share price still, or would units and shares effectively be trading at the same price, once the new ticker starts trading? This makes my brain hurt, but the net is that I don't see any downside in just holding the units and selling for gains if there is a stock pop from an acquisition announcement, so guessing that is the route I am going for now, unless I eventually find a better use for the funds. Until then, it is "cash with upside" in my eyes.

"On the OLO front, two very large, well-known investment managers just filed 13-Fs disclosing that
the one owns 16% of the shares and the other 15%. Both these managers have a fundamentals, value
orientation, and both have HUGE portfolios. The stakes are tiny in comparison to the size of their
overall portfolios, but larger than many of their other small company investments. From the OLO
perspective, it's unusual for me to see such large stakes by two independent managers."

That is very interesting. I am a big fan, but the valuation seems on high-side. We expect the delivery-related revenues fall off a bit, post-covid. So probably it is unrealistic to expect they grow in 2021 at 90% like they did last year. So if they are growing "just" 60% y/y in 2021, do they deserve a 40+ P/S? I have bought and sold twice now for small gains. Hoping I can buy again at a lower entry down the line. Do like the company a lot though.


Doom
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