Sold Zhongpin, Inc
I sold my position in Zhongpin, Inc. (Ticker: HOGS) today at $12.95 generating a net gain of 0.72% over a 15 day period (17.28% annualized). I’m just reducing my risk just a bit. You tend to see a lot of volatility as you head into the final stretch for many of these China management buy out plays. This one will probably be completed sometime in June at a takeout price of $13.50. I was initially thinking this could be completed in May, but still waiting for the SEC to approve the proxy statement.