Tuesday, June 14, 2011

A Position in BJ's Wholesale Club

I picked up a few shares of BJ’s Wholesale Club (Ticker: BJ) today at $48.53. We should be hearing soon regarding the bid from Leonard Green and CVC Capital Partners. This news has been floating around awhile, but it’ll be interesting to see what the actual bid is. $2.8 billion has been floated around from a report from the New York Post. Believe me, when I see an M&A story from the New York Post, I take it with a small grain of salt. But in this case, they have been right on… We’ll soon see how this ends up.

I’m currently doing some more digging on some new M&A plays. Just looking at a good price to pick them up…


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