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Non-Tech : HMN -- A poor man's GEICO?
HMN 46.16-0.6%Dec 31 3:59 PM EST

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To: Duker who wrote (50)9/24/1999 9:16:00 AM
From: Duker  Read Replies (1) of 72
 
Hmmm. $40 divided by $28 1/4 equals 41.6% ... assuming you are taxed fully at 39.6% and the Commonwealth of MA takes its 5.95% ... that is a 22.6% return after tax (which is not my tax situation, as I have been a long-term owner of HMN).

Neat 'closet arb' in my opinion ... and you will probably defer the gains until next year ...

--Duker
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