Friday, March 17, 2006


Stock just ran past $100. "The General", my favorite new counterpart next to "the Colonel", just offered to buy out the company at $93/share (we had previously alluded to his $82 offer price that was rejected in mid-2005).

From the post-close recommendation at 03/07/06, the stock is up 36.9% over a 10 day trading period. Unfortunately, if you listened to the recommendation you also put only about 1/3rd of your normal-size trading position into the name. Still, not a bad trade for a 10 days worth of work.

Recommend selling here at $100, given the stock is trading 7 points higher than "the General's" tender offer level.

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