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home / news releases / WISH - ContextLogic's Strategic Business Sale At $6.50 Per Share

WISH - ContextLogic's Strategic Business Sale At $6.50 Per Share

ContextLogic Inc.

2024-02-13 05:16:04 ET

Summary

  • ContextLogic sells the majority of its business for $6.50 per share, leaving the remaining NOLs for sale.
  • I recommend cashing in now as WISH stock's current price is unlikely to improve in the short term.
  • Uncertainty surrounding the sale of NOLs and the potential waiting period make cashing in now a prudent move.

Investment Thesis

ContextLogic ( WISH ) sells the majority of its business for $6.50 per share. The remainder of the business, its net operating tax losses (''NOLs'') with an estimated value of $2.7 billion, are available for sale....

For further details see:

ContextLogic's Strategic Business Sale At $6.50 Per Share
Stock Information
Company Name: ContextLogic Inc.
Stock Symbol: WISH
Market: OTC
Website: wrightinvestorsservice.com
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