Reason #3: A Continued Effort To Return Value To Shareholders
The past year hasn’t been the best of times for Cool Holdings. Unfortunately, the stock has fallen from over $12 per share to well under $2 per share.
At this point, investors have been looking for the company to make drastic changes for some time. Ultimately, investors want to see their investment dollars grow, and haven’t been seeing that.
Nonetheless, today’s acquisition news shows that is making aggressive moves in an attempt to bring value back to shareholders. That’s a good reason to be excited!
Ultimately, the acquisition of Simply Mac is great news for Cool Holdings and its investors. With the acquisition, investors can expect to see gains in revenue as the company is now the leading premier partner of Apple in the United States.
Moreover, investors are likely excited to see that AWSM is making big moves in an attempt to create shareholder value. This is something that investors have been waiting for and are hoping will continue.
All in all, there’s a few good reasons for the stock to be trading in the green today!
Stop wasting your time! Start finding winning trades in minutes with Trade Ideas!
Don’t Miss The Next Big Story
Join our free mailing list below to receive real-time news alerts!