MCBF still an arbitrage play!

Michigan's Monarch Community Bancorp(mcbf) is still an arbitrage play. It claims that is has plans to go private and that it plans to pay $13.5 per share to holders of less than a 1000 shares.

Current price is $11.80

Do the math. It is still worth a closer look. it is a 14.4 % return if the deal is concluded at the end of the year. Anualise that and one can get a higher return figure.

Better and better,
Lucas