A Little Cooper Tire & Rubber Company
I took a small position (making up ~ 3% of my holding) in Cooper Tire & Rubber Company (Ticker: CTB) today at $32.37. This company is being acquired by the Indian company, Apollo Tyres, Ltd. for $35 in cash. There is definitely some risk here with the Indian currency getting hit to the strike at Cooper’s manufacturing facility in China. I’m modeling in a closing by December 31, 2013, which would equate to a net gain of 8.12% (~ 22% annualized return). Also note there is an upcoming dividend payout from Cooper.
0 Comments:
Post a Comment
<< Home