Chaparral Steel Company Acquisition Complete,
Resulting In 665.3% Gain In 23 Months
09/17/2007
Chaparral Steel Co. (CHAP) has officially
been acquired by Gerdau Ameristeel Corporation. The deal was
approved by Chaparral's shareholders at a special meeting
on Wednesday, September 12 and the deal was closed on Friday,
September 14. Subscribers who bought Chaparral as part of
our Primary
Stock Portfolio less than twenty-three months ago will
soon see the proceeds from the acquisition show up in their
brokerage accounts.
Including dividends, the sale results in
a 665.3% gain. The average sale in the Primary Stock Portfolio
has now resulted in a 94.7% gain with 74.6% of the trades
being profitable.
Over the next couple of months, several
new recommendations will be added to our Primary Stock Portfolio.
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