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Robert King  

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  • Resaca-Cano Merger: Three Possible Outcomes [View article]
    Resaca Exploitation has announced that they are postponing the $68 million IPO in connection with the merger with Cano Petroleum.

    This introduces two new risks in our merger arbitrage trade. The first new risk is share price risk because the Resaca Exploitation shares will resume trading, which will unfreeze the $3.10 per share price for Resaca. The second risk is closing risk, because the IPO proceeds were supposed to be used to refinance the indebtedness of Cano and Resaca, which is a closing condition to the deal.
    Jun 30, 2010. 09:26 AM | Likes Like |Link to Comment
  • Deswell Does Look Well [View article]
    Well, everyone talks their book, but I've been in a full position in DSWL as of March 26, 2010 @ 4 bucks a share. (Not 2007 as was written in the article.)

    I'm curious who the new buyer is as well given the large volume. There's some discussion on the Yahoo boards about this, but no conclusive evidence as to what's happening.

    As for catalysts for value creation, there is some talk about larger orders from Nintendo and one of the pro audio clients, but since I didn't do the research on that part myself, I'm not putting very much weight on it.
    Apr 14, 2010. 05:05 PM | Likes Like |Link to Comment