Wednesday, December 26, 2012

Some Fushi Copperweld, Inc.

Call me crazy or what… I picked up some Fushi Copperweld, Inc. (Ticker: FSIN) this morning at $9.39. The company issued a press release stating that they intend to close this deal today and delist the shares tomorrow. The company has pushed off closing this deal for a few days, which has probably spooked some people. A 1.17% spread (buyout price = $9.50) with one day to close is a bit ridiculous, but I’m not surprised. There are lots of inefficiencies with the China plays.


At December 28, 2012, Anonymous DCFrancis said...

Good call!


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