Attractive opportunities in already announced mergers Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Attractive opportunities in already announced mergers

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: D. K. G. who wrote (36)	11/22/2010 8:08:03 PM
From: Paul Senior	1 Recommendation Read Replies (2) of 69

BNE. It's seldom that I've seen a stock trade at the take-over price before the deal closure date has been announced. Maybe only where people expected a higher offering price to come. No rumors/suggestions that I see though of a higher price for BNE. Closing date has not been announced. Apparently, imminently though. With the stock at $12.50, i.e. at the buyout price, I've just paid the small broker commission and sold all the shares I've held in one of my accounts. Bird-in-the-hand kind of thing. My buy price in this account averaged 12.08, and that turns out to be a 3.7% gain in exactly 90 days. From my perspective, that's very satisfactory. Plus we got the $.055/sh dividend for the quarter. Brokerage expenses for me were minor. So my thanks for mentioning BNE here! I was fortunate to have seen it and to have acted on it.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next