InvestorsHub Logo

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Live Updating
profile icon
Monksdream PremiumMember
04/07/24 4:01 PM
profile icon
KOmani Free
07/06/18 12:52 PM
profile icon
KOmani Free
07/06/18 11:05 AM
profile icon
ValueInvestor15 Free
04/03/17 12:01 PM
profile icon
zivtheziv Free
10/28/14 12:01 PM
profile icon
Penny Roger$ Free
03/08/12 3:21 AM
profile icon
Penny Roger$ Free
03/08/12 3:21 AM

PriceSmart Inc (PSMT) RSS Feed

Followers
1
Posters
5
Posts (Today)
0
Posts (Total)
7
Created
01/25/06
Type
Free
Moderators
These are rights to purchase Pricemart stock (PSMT) at $8/share. Each right allows you to purchase 1.5 shares of PSMT @ $8. The rights expire on 1/31/06, so you have to convert them quickly or sell the rights, but its a great bargain right now. The simple math: If you own 2 warrants at 15 cents each, your cost is 30 cents. It enables you to purchase 3 shares of PSMT at $8. PSMT is currently trading at $8.15. You can then sell your 3 shares at $8.15, making a profit of 15 cents for each 2 shares of PSMTR purchased. In other words, if you purchase 13,333 shares of PSMTR at 15 cents, and convert them this week to PSMT stock, and then flip PSMT immediately, you will profit $1,000. The scheme requires capital and cheap trading (online perhaps). In the least, those with lots of money will realize the huge potential involved at this deflated price, and will purchase the rights up to 22.5 cents, the current actual value of the rights. Buying at 15 cents and selling at 22.5 is also a great deal. Happy trading.
New Post