This is a short term trade idea for Hollywood Media Corp. (HOLL). The
company is doing a tender offer for about 25% of its shares
outstanding for $2.05. The offer expires on February 18. Currently,
shares are trading at $1.94, or about 5.6% under the tender price. It
usually takes a week after the offer expires to get your cash, so 5.6%
in two weeks is a very high annualized return. However, the actual
return will probably be less, since the amount of shares you tender
will probably be prorated.