How ventursome are you feeling about your new area of expertise?
A Barrons article pointed out a possible money maker. Inbev is scheduled to buy out BUD at $70 and Bud is now at about $58. So a gambler could possible make close to $12 if the deal is completed. I am not sure when the closing date is to be but I read that Inbev is still in the process of raising funds. This is not a good time to have to raise billions of $, but I am intrigued by the potential. What do you think?
I've looked at it. It's nice to see the spreads on these deals making sense, instead of sitting pegged at 1% all the time. But I just don't know how to guess the probability that the deal goes through. 50/50? I'd hate to risk enough money to really matter, on something so uncertain.
And then if it does fall thru and I'm holding BUD, that purchase price isn't exciting to me as a long-term investment. Especially right now, with American Express at like 7x earnings. CEG at 22.50 really is an interesting investment to me if that deal falls thru. (And hey have you looked at the NYSE-listed pfd issue some folks are discussing on the CEG board? CEG-PA is the Yahoo symbol. Par is $25 and it has traded in the teens. Could go close to par with Berkshire behind it, though maybe I'm missing something.)
But back to AB and InBev, I haven't looked at it closely. How do you see it?
I didn't do anything about BUD. Today it went up so much that I wouldn't be interested anymore. However, at $58 or so I may have been interested, particularly if we didn't have CEG to occupy our time. I will have to look at the CEG board to see what they say about the preferred. I didn't get much info from the quote on the preferred on Yahoo.
I am hoping CEG goes up little more tomorrow morning and I may look for the exit.
PETA is not a ticker symbol. It is an acronym for People for the Ethical Treatment of Animals organization. I would have thought the bear would have informed you of this. Perhaps he is ferocious enough that he does not need any do-gooders to protect him.
You didn't mention what method he uses to make you do things. Does he just get a knife and fork and put a bib on and give you that come over here I am hungry look or does he hold a gun at your head?
I believe that you are an honest man, so I do not doubt that it was the bear that made you buy ENLV. Never the less, It was cruel and inhumane for him to force you into a losing position. Have you thought about withholding a meal from him or giving him smaller portions? Don't tell the bear that I suggested this. Is there an organization like PETA that protects owners from abusive treatment by their animals?