Friday, August 24, 2007

ISYS is doing a tender offer on its stock at $27 a share. They are a small, $270MM mkt cap tech company with too much cash and a slightly rich stock valuation that has gone nowhere the past five years. Their price is $24.50, I am recommending that you buy 99 shares of the stock at any price under $24.50. The tender offer runs through September 11th, so you just have to notify your broker to submit your shares at $27, with "odd-lot-preference" treatment.
I bought Oceans Seven their 99 shares, and am buying 99 shares for my and Jennys personal accounts. The trick is that no more than 99 shares are registered to each person, that ensures you will get all your shares bought once the tender offer is completed. At $24.50, your gain is $248, less commissions, for about a months investment of $2450..... oh, and if you buy today you will pick up a $6 dividend (woo hoo!) as well.

Friday, August 10, 2007


Cramer two weeks ago in mid July....

Cramer now....

I think he gives a pretty accurate picture of the two-faced nature of a lot of these Wall Street guys....they leverage up irresponsibly, then when they wreck the system they want Mommy (or Bernanke) to bail them out. The Colbert followup is hilarious. As it stands, I am currently short an ACS $50 put (that is now in the money) and am at a loss....hope to get "put" the stock, as the potential buyout price on the company is above $60/share (30% premium to current price). Also am long some Broadridge stock and Discover Financial, both hedged with covered calls. Idiots are hoping the Fed will add liquidity to the market so they can get big market rallies....not "save the economy".... sometimes its just annoying to watch the market.