Comments on Fund My Mutual Fund: Bookeeping: Out Homex (HXM) In Cleveland Cliffs (C...

Harsh,You are correct. I already have a sizeable ...

2008-07-16T12:30:00.000-04:00

Harsh,

You are correct. I already have a sizeable stake in ANR but if I were coming to the trade today I'd be buying 100% ANR and 0% CLF based on the spread here.

The spread has also widened since I wrote the piece first thing in the morning. As ANR retreats its becoming the more attractive play

At ANR $104 vs $100 CLF, you go ANR no brainer

I believe when I wrote it, it was $118 ANR vs $98 CLF (still preferable to buy ANR at that point I understand from arbitrage)

Now, a no brainer.

TM,Wondering why you wouldnt buy ANR on this news,...

2008-07-16T12:26:00.000-04:00

TM,

Wondering why you wouldnt buy ANR on this news, if you like CLF. There is a huge arbitrage opportunity here assuming the deal gets done.

If the deal does does done, you get to own CLF, at a much lower cost basis and if there is a counter bid, then you benefit from that.

Just a thought.
Harsh

NoThey need to put 2 quarters back to back without...

2008-07-16T11:21:00.000-04:00

No

They need to put 2 quarters back to back without reinventing the wheel and figuring out new ways to destroy shareholders money.

Then I'll upgrade it to its real name.

Is Meena Polar going to get its name back?

2008-07-16T10:35:00.000-04:00

Is Meena Polar going to get its name back?