Thursday, February 22, 2007

Bought 600 Shares of General Maritime Corp. GMR-NYSE

Today General Maritime Corp. (GMR-N) announced a special dividend of $15 a share payable to shareholders of record on March 9, 2007.

I paid just under $43 a share for the stock. I hope to sell around $35 per share some time after March 9, 2007.

If this strategy works I will have made $7 a share profit.

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