American Land Lease = Done Deal

It’s a done deal now with American Land Lease (Ticker: ANL). The company received all of the commitments and will payout $14.20 to shares that were tendered. It’ll probably take a week or two to receive the cash. This arb play generated a return of 5% for about a weeks work (more like a week of sweating it out). I didn’t back up the truck in this deal, but it’s still nice to make some $$$. I have to learn not to get too complacent with the arb plays. When things keep going your way, it can be dangerous. It’s never easy making $$$ in the market.