Stinky and Hefty

Stinky, Stinky, Stinky, Hefty, Hefty, Hefty… as the Hefty commercial goes. I got rid of Fidelity National Information (Ticker: FIS) yesterday at ~ $27.24 generating a loss of 11% on the new FIS position. Overall, the net loss for the FIS position is 4.71% if I include the initial gain. Yeah, so this was the stinky part of the trade. I picked up some Pactiv (Ticker: PTV), which owns the Hefty trash bags. This is working out so far and the odds are good for a decent bid for the company. There’s a leveraged buyout on the table and two strategic buyers eyeing the company. Time will tell…