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CAPS / Lessons from CAPS


Subject:  oh is MO Date:  4/29/2007  12:49 AM
Author:  HOGridin Number:  45 of 188

I owned Altria in real life, and MO shares of Altria (NYSE: MO) in CAPs. Recently MO gave up Kraft, at 0.7 shares of KFT for each MO share, which at the time MO was about $85.

Now MO is about $70, KFT is about $32
so I have 70 + .7(32) = $92, which is a nice gainer of about 8% but CAPs has me a looser because MO is at $70.

What to do?

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