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WISH - ContextLogic: Deal With Qoo10 Provides Opportunity To Make Attractive Returns
ContextLogic Inc.
2024-02-26 05:26:43 ET
Summary
ContextLogic is recommended as a buy due to the attractive investment situation of selling assets to Qoo10, leaving WISH as a holding company with cash and NOL.
The NOL (tax shield) of $2.7 billion is not priced into the current share price, offering significant upside potential for investors.
Investors can purchase the equity or implement a hybrid equity-and-options strategy to take advantage of the potential merger (this is a separate deal from Qoo10) and earn a monthly yield.