Grey Value Management

Trade Archive
What follows below is an inventory of the rational speculations (a.k.a., trades) that were introduced at the conceptual level in the Philosophy page of this website. As indicated, these were actual speculative opportunities. The degree of detail varies, but each description is intended to serve as a summary of the reasoning rather than the full analysis. The reader should note that all trades are offered for illustrative purposes only.

All of these trades fall squarely within my definition of rational speculations, but view these and all other examples with the appropriate skepticism. Most "worked" in the literal sense of being to some degree profitable. But every analysis inevitably has its flaws, and in a number of cases I make an effort to deconstruct what I perceive to be the shortcomings of my own thesis.

These are only a handful among hundreds, but I attempt to provide a broad spectrum of fundamentally different examples in order to highlight how diverse these opportunities can be.

Upon review the reader will note that the positions featured herein are intentionally out-of-date. As stated on the home page and elsewhere, the purpose of this site is not to provide investment recommendations. Even if I were inclined to do so, I have no incentive to distribute my best ideas, most of which entailed an enormous amount of work.

Kraft-Cadbury Trade

Accenture-Arthur Anderson Trade

Honeywell-GE Dealbreak Trade

Ackerly-Clear Channel Trade

Compaq-ISS Trade

Compaq-Hewlett Lawsuit Trade

Livedoor-TSE Trade

Kimco-K-Mart Trade

Meristar-FelCor Dealbreak Trade

PetroGeo-Veritas Trade

PetroGeo-Veritas Deal Revision Trade

Providian Trade

Tyco-Radionics Trade

Disclaimer

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This Site may contain both historical and hypothetical performance. Historical performance may not be repeated in the future. Hypothetical performance does not represent actual trading, has certain inherent limitations, and may differ from performance actually achieved. Accordingly, you should not rely on or view any past or hypothetical performance information as a representation or guarantee of future investment performance. Performance information is net of applicable advisory fees and expenses and assumes reinvestment of income. This Site contains further important disclosures about performance, including hypothetical performance, that must be read carefully in conjunction with such performance. No representation is made that any advisory client of Grey Value Management will or is likely to achieve results comparable to those shown on this Site or will make any profit at all or will be able to avoid incurring substantial losses.

This Site may contain financial indices. The indices shown are unmanaged, assume reinvestment of income and do not reflect the impact of any management or performance fees. The instruments traded by Grey Value Management or any other product are not limited to the instruments comprising any one index. There are limitations in using financial indices for comparison purposes because of the foregoing and because such indices may have different volatility, credit and other material characteristics.