Dear Diary,
In Arbitrage #5, I just bought shares of BUD for $59.89 per share with an expectation of a close on the Imbev deal by 12-31-08 for $70 a share, a 17% gain over 76 days, or an annualized gain of 81.64%.
I also picked up in Arbitrage #6 shares of ROH for $69.64 with a expectation of close by 1-1-09 for $78 a share, a 12% gain over a 77 day holding period, for an annualized gain of 56.88%.
Gene
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2005, In Front of IRS Building, Washington, D.C.
Diary of a Business Investor
Gene Chapman
2005, In Front of IRS Building, Washington, D.C.
About Me
- Gene Chapman, Author
- P. O. Box 295545, Lewisville, Texas 75029
- MahatmaGandhiGlobalLibrary.blogspot.com or LibertarianGlobalLibrary.blogspot.com gkchapman2012@hotmail.com "Creating World Peace One Word at a Time" And for those who wish, you are invited to participate in funding all aspects of and in the building of a physical library building within walking distance of both the White House and the U. S. Capitol Building in Washington, D. C., as a voice of nonviolence and a safe harbor for Gandhian intellectuals in this epicenter of political violence on earth.