Wednesday, November 12, 2008

Arbitrage # 7

Dear Diary,

I just picked up my 7th Cash on Sale Arbitrage. WINS is to be bought out for $6.25 a share in late 2008 to early 2009, a 13% gain over the purchase price of $5.52 a share, today.

I've noticed that the exact date of a proposed sale often does not turn out to be precise, so I'm doing this deal on more general information, concerning the closing date.

Gene