Special Situations: Bwin.Party (BPTY LN)
HOLD – TAKE PROFITS
BPTY LN: 125p
November 12, 2014
We downgrade our rating on BPTY for now, pending a deal or not. We highlighted the stock as a BUY back in July with the stock trading at 95p with a 120p fair value in the event of a transaction. The stock reached our target as the company confirmed it was in talks.
FULL REPORT ATTACHED