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....
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ContextLogic's Strategic Business Sale At $6.50 Per Share