Tuesday, March 20, 2007

Another Buyout

Well, I just got back from Vegas... it was a good trip. But, I'll write a bit about that later on. Time to talk business. I was checking quotes on the cell while in Vegas, and thought that the price I was being quoted on one of my stocks was in error. Lucky for me, it wasn't.

On Monday, Todco (THE) agreed to be acquired by Hercules Offshore (HERO) for a cash and stock deal valuing its shares at around $42. I might hold this for a little bit to see if anything more becomes of it, but I'm very much ready to just sell it as well. Can't complain about this kind of short-term gain. Yay!

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