Arbitrage blues: Anderson Energy is a perfect example of why it is a mistake to arbitrage the
possiblity of mergers/buyouts. Unfortunately we as indiviguals have no
control over price/terms, or timetable. We tie up money on one outcome
questionmark. Obviously the debt load does not give AXL leverage in any
negotiation. In the meantime the company seems to be in limbo with no
propects of profitability soon. Smart money has been leaving for other
beat up companies that have a better pulse rate. I moved money out of
Anderson into oil service companies like CFW. AXL has been dead money
for over a year, and I see no change.