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To: Francis Muir who wrote (10090)12/22/1999 11:48:00 AM
From: Curtis E. Bemis  Respond to of 13953
 
Good for you. I did'nt have the b@lls to do that and besides, I think about the IRS. Golly, I may own a large
part of the gummit by this time next year--sigh



To: Francis Muir who wrote (10090)12/22/1999 12:21:00 PM
From: Nandu  Respond to of 13953
 
That is cool, Francis. For those with a high basis in EGRP, this could very well be the opportunity to take a tax loss, by selling EGRP and buying TBFC instead. Of course there is still the risk of the deal not happening, but if the risk wasn't there the IRS would consider that a wash sale <vbg>



To: Francis Muir who wrote (10090)12/23/1999 7:10:00 AM
From: Nandu  Read Replies (1) | Respond to of 13953
 
I am thinking of doing the opposite. Since I have some TBFC, I bought at 32 as a proxy for EGRP which at that time was at 35, I think I will sell the TBFC down here at 27, take the tax loss benefit and replace it with EGRP. The tax loss will give me the arbitrage benefit without the arbitrage risk. What do you think?


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