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By A. James Memmott - October 13, 2008

Using some of a windfall sent their way in by the man who is now the U.S. Treasury secretary, a group of Wall Street veterans are getting to see at least one of their investments pay off.

Stuart L. Sternberg and five other former associates at an options trading firm paid a reported $60 million for a 48 percent stake in the then Tampa Bay Devil Rays in 2004. (The team is now just the Tampa Bay Rays.)

At the time, the purchase seemed risky - the team wasn’t winning and the fans weren’t coming out - but Sternberg was confident.

“I’m a buy-low guy,” he later told The New York Times. “And if you pay the right price for something, I don’t care what it is, you can’t go wrong.”

Looks like he was right.

The Rays, the worst team in Major League Baseball last year, are currently tied at one game apiece with the Boston Red Sox in the American League championship playoffs.

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