Entries from December 2006

December 31st, 2006 · Comments Off

I would like to welcome you to FinancePuzzle.com
Hi, my name is Elias and I am the editor of FinancePuzzle blog. This blog is dedicated to capturing my financial thoughts as I progress towards my personal goals and hopefully help my readers along the way. Blog postings will include many areas of finance from basic money [...]

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Tags: Uncategorized

Merck/Sirna Merger Arb results in 8.4% APR

December 30th, 2006 · 1 Comment

As you may previously recall, I entered into a merger arbitrage trade position for my short-term mock portfolio with Merck (MRK) and Sirna Therapeutics. Here is the link to the original post… MergerArb#1.
On Friday December 29th, 2006 Merck & Co., Inc. announced that it has successfully completed the acquisition of Sirna Therapeutics, Inc. in a [...]

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Tags: Trading Ideas

Hershey - This milk chocolate will melt in your hand

December 27th, 2006 · 9 Comments

On December 27th, 2006, I have shorted Hershey (HSY) at $50.60 per share. This is the first stock that I have decided to short which is mainly driving by the following:
- Canada plant shutdown with a material product recall
- Lowered guidance twice in the last 6 months
- Poor financial trends with increasing debt position to [...]

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Tags: Stock Research