Once again Benjanomics is leap years ahead of the mainstream press. Readers were alerted to unusual trading activity in Lubrizol (LZ) on the 15th of March here. (Thanks Live Vol Pro!). A week and a half later, David Sokol, a potential successor to the Oracle of Omaha, is out at Berkshire Hathaway for insider trading (alleged!) in Lurbizol (LZ).
Disclosure: I may or may not own any of the securities mentioned and am not an investment advisor. Please do your own due diligence before investing in any securities mentioned.
Showing posts with label LZ. Show all posts
Showing posts with label LZ. Show all posts
Thursday, April 7, 2011
Tuesday, March 15, 2011
This Guy (or Gal) is a True Winner
If you haven't heard, Berkshire Hathaway is buying specialty chemical company Lubrizol (LZ) for $135, a 28% premium from its previous close.
But here is an interesting little trade that occurred last Wednesday. I wish I had this kind of luck. Less than a week after buying those options, the company is bought out and the options are sold for a cool $5.71 million dollar gain!
Disclosure: I may or may not own any of the securities mentioned and am not an investment advisor. Please do your own due diligence before investing in any securities mentioned.
But here is an interesting little trade that occurred last Wednesday. I wish I had this kind of luck. Less than a week after buying those options, the company is bought out and the options are sold for a cool $5.71 million dollar gain!
Disclosure: I may or may not own any of the securities mentioned and am not an investment advisor. Please do your own due diligence before investing in any securities mentioned.