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Strategies & Market Trends : Arbitrage Plays
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To: Paul Senior who wrote (360)6/5/2003 9:56:35 AM
From: Wallace Rivers  Read Replies (2) of 376
 
Paul:

I'm thinking of arbing NSI. Sounds like a done deal, although the Cal. group's financing being finalized has been brought up. If stock were bought at 9.90, looks like about a 25% annualized return, assuming the funds hit mid June.
Anything more to add? The trading today just seems like a reaction to the downgrade.
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