CSI TIP: XRS Corp. Buy-out +270%-Sell

XRS Corporation (NASDAQ-XRSC) got a buy-out offer this morning for $5.60 a share. Our latest valuation was $5.35 and the prior valuation was $5.60 a share. Not too far off. Omnitracs, LLC is buying XRS.

We are never ones to hang around until the merger is consummated so we are selling this morning and booking a gain of about 270% at a $5.55 sell price. Not bad for 18 months.