After the addition of shares from the entitlement offer REH now holds over 12% of my investable capital.
Through SP appreciation over the years I have seen my original standard 5% position increase to what is now a large position for me. Adding 1%+ to my position was based around nothing more than a simple, loose justification of paying 75 cents for a dollar.
Time will tell if it was just dumb luck or just a dumb call because I don't actually now how this merger is going to play out.
REH Price at posting:
$11.96 Sentiment: Hold Disclosure: Held