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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (26638)	9/9/2001 12:24:54 PM
From: Zeev Hed	Read Replies (3) \| Respond to of 30051

Maybe the key is in "...and any distributions paid on or after August 3, 2001. ..", if that distribution is more than $7, they are simply closing the shop at market. Zeev

To: mishedlo who wrote (26638)	9/9/2001 10:06:45 PM
From: Bilow	Read Replies (1) \| Respond to of 30051

Hi mishedlo; I've got offers to buy a stock I owned below the current market price before. The situation was a thinly traded stock with an outstanding offer to purchase the company (accepted by management) at say $20 per share. The offer was to buy shares at $15 per share. It wasn't at all economical to do go with them. At the time, it was obvious that the stock was a great deal at $20 per share and that the deal would go through with no problem (as it did). I had bought it at something like $18~19 simply to collect the arbitrage. My guess is that they were trying to fool mom and pop into tendering their shares to the wrong buyer. In order to do this, they had to pick a very safe stock, otherwise their tender offer could have ended up a money loser. Anyway, I concluded that they were crooks. Maybe your situation is different. If you're interested, I'll look through my records and figure out what the stock was. The $20 offer price is my recollection, I've done so many of these that it's not easy to recall which one it was. -- Carl