03-21-2016, 12:55 PM
Sold off IRC as the stupid management decided to agree on an underpriced merger. As the institutional ownership is close to 80% and I cannot imagine the management jumping into this without consulting the largest shareholders first, I'm definitely expecting it to go through. So might as well get the cash out now.
Part of that was thrown into RTN. A really small part was used to average down on PBT and the majority of it is now sitting as cash waiting for some better opportunities.
Part of that was thrown into RTN. A really small part was used to average down on PBT and the majority of it is now sitting as cash waiting for some better opportunities.