Sold Time and Akorn
I got stopped out of Time Inc. (Ticker: TIME) today generating a net loss of 5.03%. At this point, I view the risk return as not favorable as the potential take out premium may not much higher than the current price. Everything was looking positive last night with the Bloomberg piece until this morning with the Reuters report. Fortunately, Time Inc. was a relatively small position (~6%) so just a small bump in the road.
I also exited my position in Akorn, Inc. (Ticker: AKRX) generating a net
gain of 2.58% (~5% position) so this offsets some of my loss in Time Inc.
April has been a positive month so far, but there’s still a lot of
days left...
posted by Money Turtle @ 11:45 AM
7 comments
7 Comments:
MT, for $SYT, is it better that we tender shares (deadline 4th May) or wait till the merger close?
I plan on tendering my shares by May 4th. The cash will usually hit your account quicker when you tender.
Thanks!
They can't pay until all regulatory approvals are done....India remains
Yes, tender will pay out only satisfying all of the conditions. I still plan to tender by the May 4th deadline.
news about Cabelas CAB?
CAB: Revised merger agreement, takeout price reduced to $61.50
http://www.businesswire.com/news/home/20170417005865/en/Cabelas-Enters-Revised-Transaction-Agreements-Connection-Bass
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