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If shares of other companies were truly undervalued, Berkshire probably wouldn't be buying its own.
Both bets involve Mr Ashley benefiting if shares in the company rise beyond a certain level.
Korn/Ferry could raise as much as $187.5 million if shares sell for $15 each.
P38 Martin Sorrell in line for £70m payday if shares jump.
(If shares do not rise above $1 by June, the company faces delisting by Nasdaq).
He will receive $7m if shares rise by more than 40%.
If shares were given to the public, they would profit from any rise in the price rather than City types.
Put buyers make money if shares in P.F.
Additional profits accumulate if shares decline beneath $33.00.
Losses start to amass if shares rally above the upper breakeven price of $8.57, or if shares slip beneath the lower breakeven point at $6.43 ahead of expiration.
Losses accumulate if shares of the EWZ rally above $73.00 ahead of expiration day.
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