$GES- Covering By Special Dividend 4/16
Posted: Mar 31, 2024
- Company with 20%+ short interest was able to pull off a special dividend greater than $1 was ($Rkt) rocket mortgage in 2021 resulted in a massive short squeeze - **$GES** CEO Carlos Alberini plans to force shorts to squeeze themselves by 4/16/2024 - GUESS jeans smashes every ER - 27% of shares are short - $1 billion dollar buyback program - $2.40/share special dividend on top of annual dividend to be paid by 4/16/2024 - Shorts have to pay $2.40/share they are short on 4/16/2024 - $1 billion dollar buyback program - $GES stock up 76% YTD - Holding through 4/16 is an instant 12% return via the special dividend
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