$NWHM being acquired for $9/share

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I was just talking to a friend about how NWHM stock was way too cheap again. If you took cash on hand + real estate inventories – LT debt, that would be $185MM of value vs. $85MM market cap. So I’ve been adding to the position.

Well fortunately, Apollo is acquiring the company for $9/share, or an 85% premium to the latest close. Not too shabby!

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