Post by
pierrelebel on Jan 06, 2016 12:47pm
Bought more CUS at $1.32
Finally pulled the trigger and purchased another 5,000 shares this morning, bringing my average cost down..
With SPB trading at $10.75, the premium is currently 19.5%.
Based on completion of the merger transaction in six months's time, that is not a bad return with reduced risks.
A few percentages are lost to the dividend differential but it is largely immaterial (less than 2% net).
Comment by
pierrelebel on Jan 06, 2016 2:49pm
"the premium is currently 19.5%" Of course it should have read "the discount is currently 19.5%" My bad.
Comment by
Kherson on Jan 08, 2016 12:46am
Great call... Too funny... Will Canexus still be solvent by the time the proposed merger occurs? Kherson
Comment by
rickwed5 on Jan 08, 2016 1:22pm
This post has been removed in accordance with Community Policy
Comment by
iawyll1 on Jan 12, 2016 7:26am
Thanks for the update !!!!