Dear Diary,
The BUD arbitrage just closed at the stated sale price of $70 a share over a 33 day holding period, and represents a 17% actual gain before minimal expenses, or an annualized gain of 188.03%.
A dollar invested in DRS on 9-30-08 is now up 22.43%, a 190.39% annualized gain, based on the reinvestment into BUD back on 10-16-08 of that same dollar. All calculations do not include minimal brokerage fees.
With the proceeds of the BUD deal, I brought down my purchase price on the HUN deal to $8.78 a share, from the original purchase price on 8-26-08 of $13.52. This deal still has a real chance of getting done and is still stated to close at $28 a share.
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.