Shares of Playboy Enterprises, Inc. (NYSE: PLA) have tanked this year, hitting a 15-year low today. Some bargain hunters are intrigued and, if you're a fan of Playboy's offering -- or a fan of selling stuff on eBay -- there just might be an arbitrage opportunity here for you:In his 2007 book A Weekend with Warren Buffett: And Other Shareholder Meeting Adventures, Randy Cepuch writes about the fabulous freebies offered to shareholders who show up for the company's annual meeting in May: a jazz CD, a set of coasters and the latest issue of Playboy.
A quick bit of research:
- Playboy Magazine cover price: $5.99
- Hef's Favorites CD: $11.98 on Amazon.
- Playboy Coasters: Roughly $3 on eBay
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