PERI got a stinky buy-out offer today at $11.70 a share. With over $7.00 in net cash, and expected to make over $1 a share this year, I think this is a “take-under”.

I sold 60% of my holdings for a 39% gain. I am keeping the other 40% as they have a 40 day “go shop” period to find a better offer, All of what I sold was in IRA’s. I am trying nor to book anymore taxable gains this year, so I am keeping my non-IRA shares hoping to push any gains into next year.