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3/13/08

Sold Navteq (NVT) As Deepening Anti-Trust Probe Adds Risk

Navteq (NVT) that was bought at $73.33 Tuesday was sold yesterday at $72.14 for a short-term loss of 1.62%. The stock was bought as a low risk arbitration play as Nokia (NOK) is acquiring Navteq (NVT) at $78 per share cash. Yesterday, news of deepening EU anti-trust probe broke out. We no longer consider this a low risk opportunity. Below is our updated portfolio:
































































StockBuy DateBuy PriceCurrent PriceCurrent % Of PortfolioUnrealized % ReturnCurrent Yield
Philip Morris (MO)1/4/200546.5473.6610.7358.273.90
Kraft Foods (KFT)1/4/200521.1130.953.1147.173.30
Plum Creek Timber (PCL)5/12/200535.539.488.6311.203.60
Pfizer (PFE)2/6/200625.1521.286.20(15.40)5.60
ICICI Bank (IBN)5/18/200627.57439.4055.950.80
Taiwan Semi (TSM)7/27/20068.7110.327.5218.663.60
Advantage Energy Fund (AAV)11/2/200611.22115.21(2)16.80
SunTech Power (STP) 3/14/200736.7332.674.76(11.04)None
Central Europe & Russia Fund (CEE)6/28/200751.547.766.96(6.41)17.90
Patni Computers (PTI)8/10/200720.8510.653.88(48.96)0.80
Itron Inc. (ITRI)11/07/200785.0194.846.9111.43None
Anthracite (AHR)11/09/20077.976.094.44(23.59)15.60
ClickSoftware (CKSW)11/09/20074.612.691.96(41.65)None
Harvest Energy (HTE)11/28/200721.0123.386.8111.2616.30
iRobot (IRBT)12/18/200718.6518.944.481.55None
MCG Capital (MCGC)12/21/200711.8610.414.55(12.20)15.00
LDK Solar (LDK)01/22/200830.4920.434.46(33)None
Cash


6.01

Total Portfolio



0.21


  • For SunTech Power (STP), we wrote a covered call option for 2008 March 45 on 10/15/2007 at $5.
  • For Taiwan Semiconductor (TSM), we wrote a covered call option for 2008 April 12.5 at $0.35 on 10/18/2007.
  • For LDK Solar (LDK), we wrote a covered call option for 2008 March 40 at $3 on 2/13/2008.


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The content in this blog should not be taken as professional advice. We do not provide professional advice. We are amateurs sharing our experiences.