Monday, December 1, 2008

Arbitrage # 9

Dear Diary,

I just picked up shares of FDRY at $15.23 a share, providing a projected 8% gain over the remaining 30 days of 2008, as the deal is due to close in the "4th quarter." I assume this "4th quarter" is December, 2008. The closing price is stated as $16.50.

Gene