TRUST RUMOURS

ADS

I am adding some ADS this morning (@41.83). While the overall market is not very good and I am still a bit concerned about the looming September, I am buying rumors of pending trust of Air Miles, which could add $10-$15 market value to ADS. I understand that there are a lot of pitches going on and ADS management is considering, and a trust IPO could materialize in next couple of months. In any event, the company is in pretty good shape on its own, and I do not mind holding it.