Doyle Brunson attempting to buy WPT

Stock Whiz · #1 07-08-2005, 11:17 AM

still a great time to buy - should be priced at $35 - will be by the end of today or monday morning

cwsiggy · #2 07-08-2005, 12:16 PM

This has to be a sign of the poker peak. Buy high?? sell higher?? I don't think so. Interesting if Mr. Cramer mentions it tonight on his show.

canis582 · #3 07-08-2005, 12:56 PM

http://finance.yahoo.com/q/bc?s=WPTE&t=5d

Doyle has backers, its not all his money. He is probobly not even putting that much into it.

http://en.wikipedia.org/wiki/Private_equity

cwsiggy · #4 07-08-2005, 01:00 PM

Of course he has backers. I wouldn't be surprised if Doyle is putting very little of his own $ in. Probably just getting options and a exec title.

ChuckyB · #5 07-08-2005, 06:00 PM

I'm sure he had to put up some cash. But you'd have to think the presence of His name is equivalent to cash in this deal. Gotta be worth a few million anyway.