StockTradersPress.com |
A
Corporate Communications Corp. Publication ---- All
Rights Reserved |
Take
Profits |
August
18 , 2004 |
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Take Profits -- Prime Hospitality
(NASD) PDQ
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This recent Stock Traders Press
recommendation has seen appreciation. |
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Today, the Blackstone Group
announced that it will acquire Prince Hospitality
at $12.25 per share in cash. Since the board of directors
of Prime Hospitality has approved the offer, there
is very little likelihood of a higher bid price.
Consequently, we recommend the sale of the stock.
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Prime Hospitality (NYSE)
PDQ |
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Action: |
Take Profits |
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Recommended |
9/23/03 |
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At |
$8.98 |
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Price Today |
$11.96 |
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Point Gain |
$2.98 |
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Actual Gain |
33.2% |
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Days Held |
330 |
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DJIA |
10,057.31 |
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S&P 500 |
1,092.77 |
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NASDAQ |
1,826.0 |
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