It went from a terrific value investment to a terrific arbitrage.
Quotes about arbitrage (7 Quotes)
It speaks loudly about the value of the Hughes assets. It had been unduly depressed due to arbitrage. A primary driver will be continued expansion of DirecTV subscriber base, which shows no signs of weakening.
Arbitrage proof has since been widely used throughout finance and economics.
What did Citibank get out of it? It got the ability to reverse the arbitrage. Actually, what they got was the ability to give themselves a profit, and that saved the bank.
By providing an immediate, daily assessment of global arbitrage opportunities, LNG Intelligence's special netback table gives readers unique perspective on the forces driving this rapidly growing business. This table is a key feature of the publication and an example of the benefits of the collaboration between the two companies.
Simple comparisons like this are difficult, but all other things being equal, a technology company listed in the U.S. could get twice the valuation of a similar company listed overseas. It's a form of arbitrage between U.S. and overseas markets.
They're heavily into the insurance business, but in a very interesting way, in terms of an arbitrage between the buyers and sellers. They don't take an awful lot of insurance risks for themselves and they've been able to demonstrate the ability to make money in both soft markets and hard markets for insurance premiums.