GHIV is a SPAC I think was mentioned on here a few times, but I thought I’d give it another shout out in lieu of some upcoming catalysts. It’s merging with UWM, or United Wholesale Mortgage - which is an established company with revenue, something that is not super common with the companies that SPACs merge with.
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Last year, the company GHIV is merging with, UWM, released earnings on Jan. 6. Earnings are also expected to be released this year before the merger vote on the 20th, and are expected to show good growth from the company.
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Speaking of the merger, GHIV is disgustingly low for a SPAC so close to merging at only ~35% from NAV. It jumped up last month but was brought down last week.
I am aware that this sub does not like riskier plays like SPACs, but I really do think that UWM is a solid company with established revenue that could be a long term hold. I bought options, but I think the best decision for a long term hold if you believe in this company is shares.
POS: 12.5 c 1/15, 10c 1/15
Submitted January 09, 2021 at 12:33AM by Wut_A_Saba https://ift.tt/3q8gh6B
