Found it interesting today SYR closed over 6% lower and CSE more than 1% higher. Today I sold my CSE shares as a key point in buying them last November at 25 cents was the relative discount compared to asset backing which basically comprised the SYR investment.
I sold at 37.5 as I realized I made 50% in a bit over 5 months but SYR had gained about 33% in the time so the discount has narrowed by about 17% plus a nice gain overall in a short period. Plus I still have some indirect exposure via HHY, which has a large stake in CSE. Interesting to see if that edges up a bit soon from 10 cents.
Found it interesting today SYR closed over 6% lower and CSE more...
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