Thursday, September 04, 2008

Closed Out Greenfield Online

I closed out my arb trade in Greenfield Online (Ticker: SRVY) @ $17.44 generating a return of 18.66%. This was one of those lucky ones where a higher bidder emerged. I’ve started nibbling back into Apria Healthcare Group (Ticker: AHG) , which is being acquired by Blackstone for $21. I’m expecting this to close in early December. I don’t think the accounting issue will be a big deal, but we’ll see.

Oh, by the way I also picked up some China ETF / Xinhua China 25 index (Ticker: FXI) @ $38.76. This is the time to start nibbling into China when it’s in the dumps.


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