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My Journey Towards Financial Nirvana. |
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Almost There for Sun MicrosystemsDec 14, 2009
All I can say is that it’s a big sigh of relief that the EU is coming to their senses on Oracle’s (Ticker: ORCL) acquisition of Sun Microsystems (Ticker: JAVA). Sun Microsystems jumped 11% on the news that Oracle and EU are on more friendly terms...
Recent Arb TradesDec 11, 2009
On 12/8, I closed out a small risk arb play on Sunair Services (Ticker: SNR) @ $2.71 generating a net gain of 0.74% over a 2 week period (19.33% annualized). I sold Sunair Services because I found a more rewarding arb play in SkyTerra Communications...
Closed Out MTS Medication TechnologiesDec 1, 2009
I closed out my risk arb play in MTS Medication Technologies (Ticker: MTSI) today generating a 2.52% (~65% annualized return) gain over a two week period. I wanted to lower my leverage just a bit so I wouldn’t get caught up on any unexpected...
Definitive Proxy for Sunair ServicesNov 20, 2009
The definitive proxy (click: here) for Sunair Services Corp. (Ticker: SNR) was just posted on the SEC website. The shareholder vote date is set for December 14th and the closing should take place soon after. I think someone was messing around with the...
Sunair Services Arb PlayNov 19, 2009
Who would have thought that I would put $$$ in a pest control company? Well not really, I picked up some Sunair Services Corp. (Ticker: SNR) at $2.69, which is being acquired by Massey for $2.75 in cash. This is a very small deal with the total...
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