Tuesday, May 29, 2012

RailAmerica, Inc

I initiated a position in RailAmerica, Inc. (Ticker: RA) today at $24.08. This short line rail company has recently initiated a review of strategic alternatives (basically putting itself up for sale). First round bids are reportedly due tomorrow (May 30th). This company has pretty decent fundamentals and should demand a decent premium. As I say, we’ll see…


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