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Huggy Bear

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Huggy Bear

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Re: Gaintrader post# 1483

Monday, 06/09/2014 6:49:12 PM

Monday, June 09, 2014 6:49:12 PM

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No surprise to me. Contrarian investors moving on to the next unloved yet solid enough distressed stock.

Let's crunch the arbitrage, it has been awhile.

BKIR.L at .284 x 40 x 1.3 = 14.77

IRE running a slight premium over BKIR.L

The days of the historical 40% over seem to be long gone in the rearview mirror.

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