Here's a no-brainer, no-risk, can't-lose situation to make 50% on a stock investment in 2007.
-g-. Just a little hype.
Of course there are NO no-brainer investments. Zero. Nada. Anyone with enough time in the market and with enough buys knows that there's risk attached to any stock bought.
And for me, my last can't-lose situation was a loser for me. (See the responding to post). Same sort of deal here again. And I will bet again, though this time I won't be cute and try to buy stock multiple times within several accounts.
Pegasus Communications is going to do a reverse split. If your a stockholder but don't own enough stock for one reversed share, the company will buy you out. The stock's at $2.16. It's thinly traded and jumps around. (I paid more than $2.16 for my shares.) The buyout offer is for $3.25/sh. A buyer now @2.16/sh. (if he or she can get the thinly-traded shares at that price)will "likely" gain $1.09 or 50% when deal closes. ("likely" because the company could change or alter the terms of the deal. Although imo, I doubt that will happen.) The deal will close (I am just guessing) within 3-6 months.
Ah ha. THE BIG CATCH. That buyout offer is only for stockholders at time of record who hold 99 or fewer shares. So that's about a total gain of $108.00 on a total investment of $214 + brokerage commission in. Would you go for such a (miniscule) deal? Or even bother writing it up here? -gg-? I will; I would. For me, I'll spend more time on this than the $$ are worth. I tell myself I am looking for value opportunities wherever they might be, and I'm willing to take any small gains that are easily foreseen and gotten. (This being what I presume the old-time, Depression-era, cheapskate value investors would be doing.) I bought XAN in a very small IRA, and I won't need to record info. on USA Sch. D. tax form.
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