CG/B Trade

We are adding a retailer to CG/B today.  I had added this to my Watchlist last month after they hiked their dividend substantially (yield is now 3.3%), but it ran up.  Yesterday, it retreated on some profit-taking and looks like a good entry, allowing us to diversify a little.  We are reducing two other positions and using a little bit of cash to fund the buy.  The company we are buying is operating well and is now adding new stores again.  My valuation expectation may be too aggressive, but 13PE and adding in the tremendous amount of cash yields a 50% price return, while our sells are in the 20s by my calcuation.