A few weeks ago, we described an arbitrage situation involving two value stocks (both traded at discounts to net current assets, had minimal debt, and were generating earnings). One of these potential value stocks, TAT Technologies (TATTF), was buying the other, Limco-Piedmont (LIMC). But what reduced the risk of this transaction enormously was the fact that TATTF already owned 60% of LIMC, suggesting the deal would go through.
Thanks for the detailed analysis. -
1 hour ago