It's Leap Year -- Take the Day Off
Published on February 29, 2008

NEW SYMBOLS

NEW SYMBOLS

Dave Nelson: “Hey, has the symbol for Aldabra II warrants changed?   It hasn’t showed up for a couple of days.”

 

F Aldabra 2 is now Boise, Inc. – BZ – with the symbol for the warrants, BZ_t or BZ+ or who knows what else, depending on the service you’re using to get a quote.

 

SYMS, meanwhile, after its aborted self-delistation*, has gone back to being SYMS. 

 

*I know “infinity” is a very long time, but the idea that an infinite number of monkeys typing for infinity would eventually produce one of Shakespeare’s plays – or even one of his sonnets – is silly.  Since the dawn of time, with more than 6 billion people on the planet, not one of them has ever previously typed “aborted self-delistation.”  Think about that..

 

NAQ

This Special Purpose Acquisition Company has not changed its symbol, sits on about $400 million in cash looking for an attractively-priced acquisition, and sold yesterday for $9.30 a share.  The warrants, first written up here three months ago, give you the right to buy the stock at $7.50 (if an acquisition is completed) yet sold yesterday for just 69 cents.  All the usual caveats apply (truly, truly, truly), but if you have money you can truly afford to lose, it’s a speculation to consider.

 

DO YOU STILL BUY BOTTLED WATER?

James Musters suggests this comic strip.

 

THE CREATIONIST’S DILEMMA

And speaking of strips . . . Garry Trudeau strikes again. 

 

LEAP FRIDAY

Have a good weekend.  A beagle – quite possible the one that won Best in Show recently – ate the rest of this column.  Shouldn’t Leap Year be a holiday anyway?



© 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008 Andrew Tobias