% | $
Quotes you view appear here for quick access.

The Empire District Electric Company Message Board

  • arbman arbman Feb 22, 2000 8:24 PM Flag

    Cash lottery feature interesting!

    The cash lottery feature makes this an especially
    interesting arb. Since one can't be certain of whether they
    will receive cash or stock it has to price towards
    stock valuation yet there is a decent chance you can
    get all cash if you win in the trustee lottery.
    Started a small position today and expect to build over
    time. Agree that closing likely towards yearend. Also
    wondering what others think about risk of deal being
    restructured. Thanks and good luck.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • I agree that most pro-rates between cash and
      stock give the informed investor a slightly better
      return because uninformed investors either fail to make
      an election, have a tax situation, or just don't
      understand what they need to choose.

      Actually, it's
      kind of unfortunate because it probably hurts small
      investors. On the other hand, that's what mutual funds are

      I doubt a restructurin will take place here - the
      decline is due to general conditions in the industry and
      with interest rates - not what I would consider a MAC.

33.65+0.11(+0.33%)Jul 27 4:02 PMEDT