Friday, June 29, 2012

Fushi Copperweld, Inc.

Fushi Copperweld, Inc. (Ticker: FSIN) announced the approval of the management buyout for $9.50 in cash. I picked up a few shares of Fushi Copperweld, Inc. today with prices ranging from $8.60 to $8.63 so this will be a net ~ 10% return if it closes (~30% annualized return assuming 4 months to close). This one has a wide spread because there are lots of skepticism with the Chinese stocks. I’m actually pretty comfortable with this arb play since it has fully committed financing in place.


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