Sunday, April 24, 2005

Hit #41

DoubleClick (DCLK) is to be acquired by private equity firm Hellman & Friedman, at $8.5/share. This sale has been rumored for a while and I had made an entry earlier. This is where I mark it as a hit.

The offer represents a tiny premium, 2%, over my average cost of $8.3/share.

This is an example of a stock that required continuous averaging down, but even then did not end up with a decent return. Ordinary shareholders are losers in deals like this.


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