Mr. Pink's Picks: selected event-driven value investments Message Board

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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments

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To: Mr Bond who wrote (1537)	5/15/1998 12:06:00 PM
From: andrew krull	Read Replies (1) of 18998

Mr. Bond: Have you ever read Joel Greenblat's book? He has a chapter about his experiences with risk arbitrages of the type you describe. I have talked with John Paulson of Paulson & Co. at length about risk arbitrage and the dangers of the deal falling apart. Despite my personal aversion to the paltry risk/reward ratios these strategies usually engender, may I suggest that you look into the ORU/ED deal. This is an all cash deal, $58.50 for a stock that trades at $53.50 with a 4.5% yield. I know that the downside is $10, but the deal has very little fallout risk. Have a look at similar recent deals and let me know your opinion. Andrew

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