Sold IvenSense
I sold my position in IvenSense (Ticker: INVN) today at $12.95 generating a net gain of ~ 0.90% over a 6 day period (~54% annualized return). I’m not going be greedy and try to capture the last $0.05. It was a nice quick gain and time to move on…
16 Comments:
nice timing..same here. i sold at $12.96
since SYT is a done deal, is it safe to sell some june/sep puts even though they are far away?
SYT: There's the potential tax consequences associated with the squeeze out of the non tendered shares. Those short Puts could become in the money.
Mergerpie: Thanks for giving me a heads up on INVN!
ALR is in trouble again. can't file its march 2016 10-Q and subsequent ones..what is taking them so long... i m taking a very minor speculative position..they have to resolve this or the merger is off again.
ALR: Unbelievable... I was going to initiate a position, but not anymore...
BRCD eu approved, what is left? when the deal close? good yeld here, almost done...
BRCD still have FTC phase 2 investigation to go thru but it should be resolved soon i think in july or aug max.
any new trades or arbs you looking into or bought last week
thanks
Currently have no special situation / merger arb play positions. Just patiently waiting for a favorable trade. I am closely following Alere, but still several months from closing.
i have added several small positions. a bigger one is monsanto
added to alere..seemed like a positive development..
I really dont like STZ looking to buy BF. They are just doing fine with stock hitting ATH... thoughts mt?
STZ: BF would be a nice fit for STZ, but at the right price. STZ will need to offer a hefty premium if BF ever decides to sell. I'm fine with STZ walking away. STZ's beer portfolio still has plenty of growth with Corona and the newer brands (Modelo and Pacifico) gaining strong momentum.
LON:SEPU
just to share one interesting and obscure merger arbitage that was completed. i didn't invest in it but read about it in April..didn't pull the trigger as i was fully invested in SYT...then promptly forgot about it...
just days before completion the discount was at a hefty 50%...the discount was significant in april as well due to worries that british authories will not approve the transaction.
mergerpie: Thanks for sharing that case study.
That's a nice gain.
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