A friend of mine recently tried to get me to buy stock in GREI. He said that it was bought by a new company, ATI Modular, and because the symbol has not yet been switched (it used to be global recycle energy), it is being sold at an 85% discount. The stock is 1.48 so at 85% it is 1.26. Does this essentially mean that I can make 17% back as soon as the symbol is switched? Or would I have to worry about the price dropping in the meantime (he said it should be switched by the end of next month)? Is there any reason I should be wary? If not, what should keep me from investing in this stock?
May 16, 2017 at 04:39AM