Thursday, February 03, 2011

Some BJ's

I took a small position in BJ’s Wholesale Club (Ticker: BJ) today at $48.50. The company has officially put itself up for sale today. I don’t expect a huge premium, but a dollar here and a dollar there adds up. I’ll see how things develop before adding to this position. I can see a potential deal in the mid 50’s.


I took a small gain in BJ's at $48.72.


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