LNY, on 10/31 is going to be taken over at a 45% premium. not too bad for a short term investment in a recession market, huh?
No, i dont have shares of this stock, im invested in CKXE for the time being (a 70%+ takeover, but more risk involved than this stock), but i think that this is as good as CKXE for a number of reasons. first, the CEO of LNY recently reccomended the buyout to shareholders, sending the stock up 9%. good news, in buyout terms. all that volume changed hands, with people buying up shares in anticipation of a "yes" on the shareholder vote.
http://uk.reuters.com/article/rbssConsumerGoodsAndRetailNews/...
I am a merger investor, looking for great stocks with pending mergers in which to invest for a good risk/reward ratio.
See my other reccomendations today. (i have also recomended CKXE, which is now up 8%).
Join the merger bull run, its a hell of a ride.
$14.49 (07/22/08)
