Crude Carriers Corp. (NYSE:CRU)

CAPS Rating: No stars

Results 1 - 2 of 2

Recs

0
Member Avatar secretbonus (< 20) Submitted: 8/10/2011 10:54:08 AM : Outperform Start Price: $8.80 CRU Score: -57.71

arbitrage without shorting CPLP to lock in profits. Using it as a way to get CPLP at discount.

Expected to close in the third quarter of 2011 for a closing value of $281.3 million in an all-stock deal. Upon completion of the merger, Crude Carriers shareholders will receive 1.56 CPLP common units for each Crude Carriers share.

CPLP is cheaper than CRU so you're getting huge profit in short amount of time if you arbitrage and lock in profit. At the market oversold here and CPLP looks good enough to own anyways but better margin of safety by buying it this way through CRU.

Recs

0
Member Avatar herztical (28.01) Submitted: 3/18/2010 10:11:31 PM : Underperform Start Price: $16.45 CRU Score: +110.64

How does crap like this become public

Results 1 - 2 of 2

Featured Broker Partners


Advertisement