Farewell to a Ticker - Fish Tacos Sold
Rubio's Closes Going Private Transaction With Mill Road Capital
I like food and after several trips to the San Diego area a few years ago, decided to see if one of my favorite places was public. Woo hoo, Rubio's traded on the NASDAQ as RUBO.
After some research, I went ahead and bought some - probably let my taste buds override my common sense since the first buy point was quickly (and still is) under water. The spring '09 low point offered a chance to double down at under 4 bucks - averaging down turned the position nicely green in real life. I also added some shortly after the buyout announcement to bag the cash arbitrage spread - another one of my better - or luckier - moves.
Now, the latest buyout saga is a done deal at $8.70. Not sure when the shares cash out, when CAPS will close the ticker or if I get to keep the score leader charm - three picks, two red thumbs, one green thumb - all positive points. If you're only going to be score leader for one stock, do it with style. :)
Also happy to see that, if things hold, fellow Fool ikkyu2 will sneak in just .01 over the five point threshold and capture both points and accuracy. Can't get much closer than that on snagging accuracy.
Someone commented on an older blog that Rubio's quality had fallen off lately. If that's the case, I hope private ownership will turn it back around. Next time I'm in So. California, I'll be sure to check for myself - hopefully either shrimp or langostino burritos will be on the menu.