...to work in this name below 5.80.
just about a 40% position for now. will add more if there is weakness.
i guess a risk is that tcn is small. however, on the plus side if the us housing recovery continues its hard to imagine a larger player allowing tricon to get significantly bigger without taking a run at them first. maybe next month. maybe in the next few years. either way, as long as housing doesn't tank for a prolonged period of time this should be a good performer, in my opinion.