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Strategies & Market Trends : Value Investing

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To: E_K_S who wrote (78384)	10/27/2025 10:18:37 PM
From: Elroy	Read Replies (1) of 78412

What do you care? I thought you sold your position I did. I'm just trying to understand what you're posting, which we (I think) agree was wrong. I may buy the preferreds at some point. But I think one would buy them for the 8% yield, not for the acquisition price. What do you think of this? Buy $10,000 of SOHOB at about $17.50 Short $10,000 SOHO at $2.15. The short position loses about 4.5% if the deal closes and SOHO gets sold for $2.25. The long position probably makes ~25% if the 8% preferreds trade up to $22.50 after the deal closes. That's what I'm thinking of doing. The risk (I think) is another buyer appears and pays more for SOHO.

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