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Strategies & Market Trends : Value Investing

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To: Paul Senior who wrote (71084)	9/2/2022 12:55:27 PM
From: E_K_S	Read Replies (1) of 78748

Re: TEN and $20/share Buy Out to close Q4 I see that TEN stopped paying their quarterly dividend 3/2019 so no div while you wait. FWIW added 25% to my TEN today w/ a buy at $18.70 A better takeover waiting to close that pays a div while you wait is SJI. Stock went xdiv yesterday for $0.31 and there is a buy out at $36/share. That is an implied 5.8% return but add back in the 3.6% div you get a 9.4% implied return. I continue to hold my SJI shares. Another Buy Out I own is BRG but it is selling above the Buy out offer of $24.25/share but that was only for a portion of the company's assets: I sold 50% of my shares as they continue to pay the dividend and there will be some spin off remaining assets. Bluerock Residential Growth Shares Jump on Blackstone Buyout Offer So every deal is different... buyer beware!

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