I’m closing this segment in favour of something more reader-friendly next week based on more interesting hedge fund strategies.
I thought perhaps I’d like to show how the stuff I wrote on this column would be applied to the latest news on GLP.
Based on what can figure out on the news, GLP is being bought out at $3.38 and dividends declared in May will not reduce it’s value which means that potentially whoever owns GLP will get to exit at $3.44 by latest April 2018. Looking at the current price, GLP is also trading at $3.29 which provides a nice 15 cent profit even for investors who decide to buy after the news has been declared.
Here are a few points :
- Basic maths says that buying and holding GLP until next April will return around 4.55% or around 6.825% annualised. A lot of …