Keith, good list , thanks.
Some comments and additions.
Boss/mak looked too good to be true. After calling IR and re reading 8K found out that mak gets the cash as part of this convoluted deal. Boss is a Ledecky company which had huge recapitalization last year, allowing big holders to walk away with cash and stock holders to end up with big time debt, enough said.
Umg/T is cash and stock. At T below 51.3 the cash is 36.27 and stock .95 shares. Very large discount for a very reasonable chance of completion, but probably not for another 5 or 6 months. Must hedge.
FPC by Cpl, is long term utility play. Stock and cash. At todays prices about 14% discount. Way to play this is to sell puts and squeeze out premiums each month.
Best bet znco by MAY. Bulletin board stock owning Dept stores in Utah, I am in at 20 1/4 for 22.5 by EOY, hopefully. Hard to buy. Almost have to pay ask to get any.
Bloomberg, Dec 99 issue "How to hook big merger gains, play post announcement price anomalies" Major point is to wait for dust to settle. I guess I agree with that and find ssi,mam,osu,bgf and znco to have best risk/reward characteristics based on shorter term plays.
Good luck to all and lets keep this thread going. |
