Tuesday, June 19, 2012

Sold RailAmerica, Inc.

I sold my position in RailAmerica, Inc. (Ticker: RA) today at $24.29 generating a net gain of 0.79%. I'm not comfortable with the position as this company is evaluating strategic alternatives. The company is majority owned by the private equity firm, Fortress Investment Group. I’ve had some bad experiences with private equity cashing out their investments. A deal with a decent premium may materialize, but I’m out…


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