Cardboard Posted March 22, 2013 Share Posted March 22, 2013 I recall that someone was involved with this company way back when it was sub $1. A Chinese company is now trying to buy them out for $11 or below book, but their loan with China Development Bank seems to be hitting some potholes. They now say it should be resolved early next week. All other approvals are made. I would imagine that trading tomorrow will be down and could offer a nice arbitrage opportunity. 10% for a few days is a lot. What do you guys think? Cardboard Link to comment Share on other sites More sharing options...
NormR Posted March 22, 2013 Share Posted March 22, 2013 I recall that someone was involved with this company way back when it was sub $1. A Chinese company is now trying to buy them out for $11 or below book, but their loan with China Development Bank seems to be hitting some potholes. They now say it should be resolved early next week. All other approvals are made. I would imagine that trading tomorrow will be down and could offer a nice arbitrage opportunity. 10% for a few days is a lot. What do you guys think? Cardboard It might, just keep in mind that the last attempt fell through. Link to comment Share on other sites More sharing options...
Green King Posted March 22, 2013 Share Posted March 22, 2013 I spent some time on this. I can't value this company. Why take the risk? Link to comment Share on other sites More sharing options...
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