Tuesday, October 14, 2008

DRS Technologies... Go or No Go???

You can’t get too caught up with the markets ups and downs. You just have to focus on a strategy that’s working for you. I’m continuing with the arb strategy, which has been fairly good to me except for Landry’s (Ticker: LNY). On 10/14, I picked up some DRS Technologies Inc (Ticker: DRS) at $73.55, which is being acquired by Finmeccanica, an Italian company for $81 in cash. Today is the CFIUS (Committee on Foreign Investment in the US) deadline so we’ll tonight or tomorrow if it’s a go or no go.


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