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Just Sold Tribune
Dec
20

At $33.67, there is almost no upside and big potential downside if the deal falls apart last second. Just wanted to let you know that I sold TRB. Remember Buffett's rule: Don't lose money. There is very little risk left, but the few pennies on the upside do not justify the many dollars on the downside.

Just thought you'd like to know my thoughts.
There are 11 comments. Add yours!
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The Discussion on Just Sold Tribune

J said, December 20, 2007 @ 12:06 pm
Agree. I sold my position and am now researching and waiting for new opportunities.
(MikeR) said, December 20, 2007 @ 1:56 pm
Joe,

Thank you very much for pointing out the TRB arbitrage play.

Thank you sir, may I have another?

LOL

Mike
CD said, December 20, 2007 @ 6:12 pm
Thank You Joe. Good learning experience for real deal. It worked out at final. But, in terms of chance what probability and how you were assigning for the deal to go through when you published your last post? If you could explain your raitonale , it would be helpful to go through.

Thanks,
Happy Holdiays,
CD.
bug said, December 20, 2007 @ 6:35 pm
Surprisingly, I sold TRB at $34. I wonder who was dumb enough to buy my limit order at $34... and how is that person going to make any money out of it.

The reason for selling - my broker would charge me $20 for mandatory tendering of shares. Selling it in the open market costs just $9.99. Just trying to lower my transaction costs.
Mark said, December 21, 2007 @ 12:34 am
Hi Joe,

Love the site and is very helpful and learning tons. Just wondering with CD on how you find these abritrage deals and what info lend you to beloeve they will happen. I have found the most current info on steetinsider.com.
How do you know or find supporting research that a M&A deal will go through? The only usual headline I find before the stock changes is company XYZ hires a an analyst to help "discover" how to increase shareholder value. How to you research more into a deal? What do you look for.

Thanx again for the great site!!!!
mark
Peter Nguyen said, December 21, 2007 @ 4:41 pm
I can't sell TRB anymore? How come...
kfh227 said, December 21, 2007 @ 8:46 pm
I wanted to let you in on a new quote I learned and one that is a new favorite.

"Don't try to pick up coins in front of the bulldozer"

You applied this concept.
Andy said, December 23, 2007 @ 5:13 pm
Deal closed that is why you can't sell your position Peter.
Jeff said, December 25, 2007 @ 8:24 am
I sold out about $33.50 on mine.

Even though I owned before you wrote it up- excellent write up before on TRB Joe.
Peter Nguyen said, December 26, 2007 @ 9:43 pm
I see they sold it for me @ $34.

By the way Joe, how do you evaluate management? What are the concepts & steps do you go through to determine management's competency?
Joe Ponzio said, January 8, 2008 @ 9:55 pm
I think everything was handled here except Peter's last question: Management. I'll get a post on that soon. Thanks all!

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