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


To: Investor2 who wrote (23759)4/18/2006 10:46:13 AM
From: Paul Senior  Respond to of 78717
 
Hello, I2. I sold all RML in my accounts this am. If I could quantify risk, I'd say there's a high probability of a profitable short in the stock now. (Stock at 18.28 vs. buyout price of 18.00.) I don't see a higher offer coming, and even if so, management/BOD likely would still choose to be with Mr. Buffett. Just may not be worth spending $18.28 to gain .28, unless stock drops more while waiting for deal to close 3rd quarter. That's iffy, given the assurance (Berkshire commitment) that the deal will proceed.
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He'll maybe get some synergies by melding this company to his Fruit of the Loom company.