You won’t believe the deal these insiders just missed out on. They could’ve had a 59% gain in 6 months, but instead they let it slip through the cracks.
As always, we’re here to catch those gains from right underneath them.
We can thank racing conglomerate Formula 1 for accidentally presenting us with the opportunity to pick up these profitable pieces…
As you know, we have a lot of serious gains to thank insiders for. They don’t know that they’re providing us with all this profitable information, but we always take advantage of it nonetheless.
But this time it’s a little different.
We may see insiders as an intelligent bunch, but these insiders have just missed out on something that would’ve provided them with a 59% gain in 6 months—AND it’s about to provide us with an opportunity to make more than that in less time.
Who are these guys? And why would they pass up an offer like this?
I’ll fill you in.
On January 23rd, American investment group Liberty Media (FWONK) bought Formula 1’s parent company for $4.4 billion.
In the takeover deal, Liberty Media offered each of Formula 1’s 10 teams a piece of $1.1 billion worth of shares at the previous closing price of $21.26 per share.
This type of insider deal is completely legal, and extremely profitable.
But all 10 teams turned down this fantastic opportunity.
The shares then sky-rocketed 59% in a matter of less than 6 months.
Currently, FWONK is sitting around $34, and a new deal has been offered to the 10 teams.
The teams have been given a final opportunity to buy up to $400 million of shares before July 23rd.
The ultimate perk?
The teams are being offered these shares at the original $21.26 price per share.
And still there’s been no response.
If no purchase has been made by July 23rd, these shares will be retired.
That’s where your opportunity comes from.
The takeover clearly had a positive effect on Liberty Media’s shares, but all this turmoil could send them down to brand-new lows.
So, here’s how you play this one.
If the teams buy the shares in time, you might be presented a great opportunity as the shares could double on this news.
If the teams don’t buy the shares, this stock could fall to all-time lows of $18 or lower.
I think it’s self-explanatory what you have to do, but you must wait for the news.
Surely these insiders can’t pass up on a deal like this, but if they continue to let it slip through the cracks, we’ll be there to catch all the profits.
