Dammit, I’m irked! I was driving home today when I heard the news that La Senza was being acquired by Limited Brands in the US, the company that counts Victoria’s Secret among its stable of brands, for $48.25 per share!
I know this is completely irrational, but I bought 100 shares of La Senza at $12, oh, I don’t know, about 4 or 5 years ago, after reading an article in some random business magazine while waiting to get my teeth cleaned. I am by no means a savvy investor…I actually have no interest in investing, but I had some cash and I thought, buy what you know, right? I know I like lingerie, and the article had mentioned that La Senza owned Arden B, a store in the US that I had shopped at and liked too.
Anyway, I had to sell my shares earlier this year because I needed the cash for my condo down payment. At the time, I thought I was getting a pretty good deal since I had almost doubled my investment…and as the year progressed, the stock price rose to $30+.
Today, trading halted at $32.65 upon the deal’s announcement. If only I had held onto the stock, I would have quadrupled my investment! I know, I know. 100 shares is nothing. But still!