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You're at a fruit market. But, instead of just being able to buy apples at this fruit market, you can also sell fruit.
You're not a farmer, so you come to the market to buy some apples and you see two fruit stands. Fruit Stand A on the left
is buying and selling apples at 50 cents apiece. However, Fruit Stand B on the right is buying and selling apples at 53 cents
apiece. People are buying and selling apples at these two stands all the time, and the price at a stand could change at any
moment. But, while you're there, apples are 50 cents and 53 cents, respectively.
You're a smart person, and you quickly
realize that you can buy apples from Stand A and then sell them across the street to Stand B and make a 3-cent profit. But
you have to do it now; you can't wait. So you buy all the apples at Stand A and then run to sell them all to Stand B.
Congratulations.
You've committed fruit-stand arbitrage.
Arbitrage is exactly that: the selling of the same item between two different
markets to make a profit off the mathematical differences in price. However, it's not apples that are traded--the goods in
question are usually stocks, currencies and other securities. Arbitrage happens when you get a stock, usually a common one
like General Electric that's traded on multiple markets (Japan, Hong Kong, U.S., etc¿). The stock is usually worth within
fractions of a penny the same on each of those markets. However, there are often some minor variations.
People who
participate in arbitrage take advantage of these variations--and make a ton of money doing it. As seen in the fruit stand
example, you can make a "riskless profit" from buying and selling apples between different markets.
There are some
big hedge funds that make almost all their money off arbitrage. But, despite this simple example, arbitrage is mathematically
complex--and involves a good portion of risk if you don't know what you're doing. You probably won't be able to participate
in arbitrage directly, but you can always invest in a mutual fund that does.
Home / Markets / Industries / Energy
Wednesday, May 07, 2008
Georgia Natural Gas Honored by Better Business Bureau for Dedication to Community Service
Comtex
ATLANTA, May 7, 2008 /PRNewswire via COMTEX News Network/ ----Georgia Natural Gas (GNG), the state's leading natural gas provider and a nationally recognized leader in corporate volunteerism, is the 2008 recipient of the Torch Award for Community Service given by the Better Business Bureau Serving Metro Atlanta, Athens and Northeast Georgia (BBB). The award, in the category of companies with up to 100 employees, designates GNG as a "company of excellence."
"Georgia Natural Gas has been a BBB Accredited Business for almost 10 years, and their community service program has made a tremendous difference in the lives of children and senior citizens in our area. We applaud GNG for their commitment to our community," said Fred Elsberry, president & CEO of BBB Serving Metro Atlanta, Athens and Northeast Georgia.
In the six years since GNG implemented its community service program, the company's employees have made a tremendous difference in the lives of Georgia citizens through volunteerism. The company has fewer than 90 full-time employees, who collectively volunteered more than 1,000 hours in 2007 at various nonprofits throughout Georgia.
"More than half a million people in the communities we serve depend on us for their natural gas service," said Mike Braswell, president and CEO of SouthStar Energy Services, which does business in Georgia as Georgia Natural Gas. "We never forget our obligation to make the communities we serve better places to live and work."
In addition to its volunteer efforts, GNG has supported nonprofits, schools and other organizations that offer services and programs to deserving Georgians, particularly children and senior citizens. For example, in 2006 the company donated $1.1 million to four metro-Atlanta agencies to weatherize the homes of hundreds of low-income seniors. The company's TrueBlue Crew of employee volunteers, whose motto is "Working Together ... Serving Together," works at dozens of events throughout the year and serves as tutors at Atlanta-based Centennial Place Elementary School.
The award was presented recently at the BBB's Torch Awards ceremony at the Westin Peachtree Plaza in Atlanta. More than 60 companies applied for the awards earlier this year.
About Georgia Natural Gas
Georgia Natural Gas (GNG) is the state's leading natural gas provider, serving more than half a million residential, commercial and industrial customers throughout Georgia. GNG is part of SouthStar Energy Services, a Georgia-based joint venture between AGL Resources (NYSE: ATG) and Piedmont Natural Gas Co. (NYSE: PNY). SouthStar also operates in Ohio as Ohio Natural Gas, in Florida as Florida Natural Gas, in the Carolinas as Piedmont Energy, and in other parts of the Southeast as SouthStar Energy Services. For more information, visit www.onlygng.com or www.southstarenergy.com.
About the BBB
The Better Business Bureau (BBB) is an unbiased organization that sets and upholds high standards for fair and honest business behavior. The BBB's mission is to be the leader in advancing marketplace trust. Businesses that earn BBB accredited status contractually agree and adhere to the organization's high standards of ethical best business practices. BBB accreditation is an honor and not every company is eligible. Today, 128 BBBs serve communities across the U.S. and Canada, evaluating and monitoring more than 3 million local and national businesses and charities. Over 2,000 local businesses are members of the BBB Serving Metro Atlanta, Athens and Northeast Georgia.
SOURCE Georgia Natural Gas
http://www.onlygng.com
Copyright (C) 2008 PR Newswire. All rights reserved
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