The Secret of Risk-Free Arbitrage: What Capital Refuses to Earn

1. The ROI just isn't there—internal overhead eats into it. Might as well buy the finished product outright.

2. Risky, unstable. Let someone else be the test subject while you lurk in the background, ready to pounce.

Then again, you could always let the deal lapse and acquire it for pennies once they hit insolvency.