Friday, October 29, 2010

Picked Up Some Crucell

I loaded up on some Crucell (Ticker: CRXL) today ranging from $32.38 to $32.44. Crucell is in the process of being acquired by Johnson & Johnson (Ticker: JNJ) for 24.75 Euro, which equates to ~ $34.40 US. The stock sold off these past two days because the company halted shipment of two vaccines manufactured in their South Korean manufacturing facility due to possible sterility issues. The market is over reacting big time and I’m fairly confident that the deal with go through. Looking at a potential 6% gain of course there will be some currency risk.


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