More Genentech

I just loaded up on some more Genentech (Ticker: DNA) at $93.66 and tendered the shares. The tender closes next Wednesday, March 25th, and should receive the cash in ~ 2 weeks. A 1.40% over a 2-3 week period is ok, this still represents an annualized return of ~ + 30%. You know, you can’t be too greedy. This is practically free money as long as you tender your shares.