Revolution Lighting - Risky 25% Arbitrage Play [Seeking Alpha]
REVOLUTION LIGHTING (RVLT)
Last revolution lighting earnings: 8/2 07:30 am
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US:NASDAQ Investor Relations:
ir.rvlti.com
Company Research
Source: Seeking Alpha
Summary Revolution Lighting ( RVLT ) is a micro-cap lighting company that has seen a steady erosion in share price since 2013. This decline has largely been due to the company egregiously missing its own sales and earnings guidance. The company once again lowered sales guidance when they provided preliminary Q3 18 results on October 17 th , 2018. The stock price took a significant hit after preliminary Q3 results were announced but in the same press release the CEO, Robert LaPenta, offered to take the company private at $2 a share. The market is pricing in quite a bit of skepticism of whether this buy-out will happen as the stock price is currently trading at $1.60 and has traded as low as $1.35 after the offer was announced. Buyers at this price could get a 25% gain if the buy-out goes through but if the buy-out doesn’t happen there will assuredly be a lot more downside to the stock price. At this point I think the company’s best option is to take the buy-out from the CEO be
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