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Money Turtle

My Journey Towards Financial Nirvana.
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Closed Out Centennial Communications

Nov 5, 2009
I sold out of my risk arb play in Centennial Communications (Ticker: CYCL) at $8.45, which equates to a return of 5.89% over a 7 week period (43.75% annualized return). I used the proceeds from Centennial Communications and picked up some shares of IMS...

Almost There for Centennial Communications

Oct 13, 2009
I can finally see the light at the end of the tunnel in the Centennial Communications (Ticker: CYCL) / AT&T (Ticker: T) deal. This one was a longgg wait for those, who got in early. AT&T is acquiring Centennial Communications for $8.50 in cash. I...

Random Stuff

Oct 12, 2009
You’re probably wondering what happened to me since my postings have dried up… It’s tough to keep track of the market and focus on your day job. Maybe my day job should be managing a portfolio? :) Anyways, I’ve been looking at some big picture...

The Love of Money

Oct 4, 2009
If you're into financial documentaries, check out The Love of Money produced by the BBC (click: here for a preview). It details the demise of Lehman Brothers and how it facilitated the melt down of the financial markets around the world. If you Google:...

Took Profits in Facet Biotech

Sep 21, 2009
I took some small profits in Facet Biotech (Ticker: FACT) today. Biogen Idec (Ticker: BIIB) initiated a hostile tender offer for Facet Biotech (Ticker: FACT) at a price of $14.50 per share, which is really a joke. The probability is that the bickering...


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