Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Jurgis Bekepuris who wrote (16736)	4/2/2003 8:21:20 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78507

Jurgis Bekepuris, I'm still holding CE. Sorry to report though that my initial purchases were a bit higher than FDC's buyout price. And I didn't add enough CE when prices were lower to make the position profitable now. I'll likely wait a bit to determine if I want to be an FDC stockholder. CE closed at $12.44. IF offer goes through, CE holder gets .4 FDC stock per CE share, and so values CE today at (.4 x $34.79 =) $13.91. I read there might be some question as to regulatory approval of the deal; CE management though seems to be very confident of it getting done. I might consider buying more CE at current price just for this spread. If anybody here has any interest in doing this, let's post on "Arbitrage Plays" thread.