Seeking Alpha
  • Chris DeMuth Jr.
    $ALCS merger agreement terminated: http://1.usa.gov/19Tms2q
    10/30/13
    Reply (12)
    • buffett222: Buy sell or hold?
      10/30/13
    • Chris DeMuth Jr.: That is the question.
      10/30/13
    • Ghosts of Kariela: I'm buying tomorrow, small position though.
      10/30/13
    • TheCompleatAngler: Congratulations! You were central the effort to have the deal aborted and succeeded without benefit of an alternative bid.
      10/31/13
    • Chris DeMuth Jr.: And those efforts were sincere. If they prove to be a mistake, I can promise many more mistakes to come in the future.
      10/31/13
    • Chris DeMuth Jr.: That is especially true if the future is anything like the past in which about a third of my investments have had bad outcomes.
      10/31/13
    • Chris DeMuth Jr.: Such bad outcomes have resulted in serious gross losses through the years. Happily, there is some context: http://seekingalpha.com/p/1b258.
      10/31/13
    • Special Situations and Arbs: Chris you were right in saying that 10 was the downside risk if the deal failed.
      10/31/13
    • Special Situations and Arbs: QUESTIONS: What will the new post deal break shareholder base look like? What will Price do? Will ALCS get sold eventually?
      10/31/13
    • Chris DeMuth Jr.: All good questions.
      10/31/13
    • AContrarian: SSA - No guarantee, but I assume at minimum MFP and Heartland aren't going anywhere. Doubt they sell below NCAV...
      10/31/13
    • Approximately Right: At 1/3 of tangible book value there doesn't appear to be much downside here. May take a small position.
      10/31/13
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