An Accredited Gamble
Today I got long Accredited Home Lenders (LEND). Accredited is a subprime lender that actually has a bid from Lone Star V, a private equity fund. Lone Star bid $400M or $15.10 for Accredited on June 4th. LEND now trades under $7 a share. Technically there is 115% upside from the current price. The fact of the matter is that Lone Star is legally obligated to buy LEND and had all the necessary inside information before making its bid. The deal is expected to close by October but the market is pricing in some risk that the deal won't get done or will be repriced.
Note: I am long LEND
Note: I am long LEND
posted by Big Ben at Tuesday, August 07, 2007
15 Comments:
Did you gett out safely? I am still holding a few hundred shares and regretting my decision to not sell today before ah.
Anyone who thikn subprime doesnt have a LONG way to go yet is wishing! The CDO mess the markets have created over the last few months are unwinding fast, and unless you are using something like tradestars.com 's "grail" indicator, you will probably get taken several times as the dead cat bounces!
FREE INTRADAY SHARE TIPS, NIFTY TIPS, STOCK CALLS, JACKPOT CALLS . INTRADAY SHARE BAZAAR LIVE TIPS
FREE SHARE BAZAAR TIPS, NIFTY JACKPOT CALLS, LIVE STOCK CALLS
Thanks for taking the time to discuss this, I feel strongly about information and love learning more on this. If possible, as you gain expertise, It is extremely helpful for me. would you mind updating your blog with more information
Stock Expert || Intraday Nifty Tips
Nice blog. interesting information.
Bali flights,
Kuala Lumpur flights,
This looks like a very nice place! I liked it so much and very interesting, too! Thanks for sharing the experience.
Cape Town flights,
Japan flights,
You Trading in Stock Market or Commodity Market?
Do you stay away from the markets because you think they are too risky?
If you want to be more active in stocks but hate the risk... Then join us Stock Tips …
Its a very good post , thanks for sharing this , i am always ready to read this type of information.
Thanks and regards.
equity tips.Check out once
I had no trouble navigating through all the tabs as well as related info. The site ended up being truly simple to access. Intraday Nifty Future Tips
It’s really a nice and useful piece of info. I’m satisfied that you simply shared this useful info with us. Please stay us up to date like this. Thanks for sharing.
Commodity tips
Stock Market
Share Market
Nse Tips
Bse Tips
A good informative post that you have shared and thankful your work for sharing the information. Got some appealing information and would like to give it a try. Applaud your work and keep sharing your information.Really impressed! Everything is very open and very clear clarification of issues. Call Option || Option Tips || Stock Option Tips || Options || Nifty Options
This is a great post ! it was very informative. I look forward in reading more of your work.
Share market tips
Share and Earn
This is my first visit to your blog.Your blog provided very important information to work on.I wanted to thank you for this special read.
share market
stock market
Indian Stock Market Tips
I like concept of your post. Very creative post. Best of luck and waiting for some new ideas. I am looking for such useful information and I found here a lot of it.
Buy Property
Sell Property
Invest in Property
Find real estate agent
It's a very good post about"An Accredited Gamble" Thanks for sharing it.............
MCX Tips Free Trial !!!! Crude Oil Tips free
Post a Comment
<< Home