Volatility Brings Great Merger Arb Trades & Dirt Cheap Golf Stocks ADGF, GOLF Poised For Buyout?

Wednesday, October 15, 2008 | | 1 comments »

A lot of these companies are getting bought out for X amount per share and have been approved. When the market nose-dives they dive along with it and rally. Right now BUD, CEG, HUN, Texas court backs Huntsman (HUN) in merger-related dispute HLTH look good for a trade well below their buyout price. This is the perfect time to be playing these merger spreads. Good site with spreads and dates on a lot of deals

On another note I noticed recently that golf company Ashworth ASHW got bought out by Adidas for $1.90. Adams Golf ADGF is now trading for half of its net current asset value that I crunched awhile back along with Golfsmith GOLF . I have to say, GOLF looks like a good buy if you feel like putting money to work.

What mergers does everyone feel the most confident about going through?

1 comments

  1. Jae Jun // October 15, 2008 1:43 PM

    Im liking CEG and PSD at the moment. CEG backed by Buffett, and PSD has been approved with only reply briefs to be submitted by Oct 23

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