SP SPWH Sportsman's Warehouse Holdings, Inc. Loading... : Bullish and Bearish Analyst Opinions

Gabelli mentions these as examples of "busted deals" where stocks crashed (Capri from $40 to $19, Sportsman's from $15 to $1.30) after M&A failed. When arbitrageurs dump "busted deal" stocks, they often overshoot to the downside, trading below fundamental value. Gabelli implies these are now fertile hunting grounds for value investors to pick up assets for pennies on the dollar. WATCH. Look for stabilization to enter as a deep value turnaround play. The businesses may be fundamentally broken, which is why the deals failed or why no other bidder has emerged.