GREY:LSTMF - Post by User
Comment by
JohnDDon Feb 16, 2012 11:30pm
259 Views
Post# 19547543
RE: RE: Short position
RE: RE: Short position Thanks when2buy.
Interesting that it has moved down in a meaningful way, but still a long way to go.
Based on a recent article a hedge strategy is to short PBN and hold PBG with the expectation that PBG will eventually throw off shares to PBG shareholders. This could be a long way off and the shorters have to pay the dividend while they wait. Not sure I really understand how you can make money. .In any event, I would just be happy to see a good many of them decide enough is enough and decide it's time to cover...
I was originally thinking to start unloading some of my shares in the high teens but I think I might hold off until the $20's
Well this is sure a lot nicer than the pain some of us endured last year.
John