THE SUPERSTOCK INVESTOR PHẦN 10 pot

... that the water industry might be about to undergo the same sort of consolidation wave that had recently struck the drugstore industry. The combination of these—one in IBD and the other in The ... in. The other water stocks in the portfolio bumped up briefly on the Aquarion takeover, but soon settled back to levels that still left huge gaps between their stock price levels an...

Ngày tải lên: 07/08/2014, 02:20

... certain horses as they call the race. How do they do this? They know the characteristics, through long experience, of horses that are running as fast as they can in the early stages of the race and ... Street, becomes a superstock because it’s a takeover target. These companies will never be on the recommended lists of momentum players, because they have no momentum, either in th...

Ngày tải lên: 07/08/2014, 02:20

... JCPenney, they receive a huge premium for their shares, they have no tax liability unless and until they sell their JCPenney shares, and they have received a far more liquid secu- rity to boot. The ... no reason other than general market weakness or perhaps the fact that a single investor is selling a position. In other words, the weakness may have nothing to do with the company and...

Ngày tải lên: 07/08/2014, 02:20

... involving the nuances of these deals and the exciting plans and “synergies” that will result, the basic rule of thumb is that there is no money to be made for you, as an indi- vidual investor. Therefore, ... fol- lowing the Western Resources takeover bid, shareholders faced a choice: Should they simply take the profit and move on? Or should they stick around for the $7 per share...

Ngày tải lên: 07/08/2014, 02:20

... candidates that do not respond to the general market can be frustrating to own when the market is going up, they can be rewarding when they march to their own drummer while the rest of the stock market is marching ... investment 16 PART ONE The Making of a Superstock Investor Chap 02 7/9/01 8:45 AM Page 16 acumen comes when the general stock market is going against you. Then,...

Ngày tải lên: 07/08/2014, 02:20

... the Cincinnati Reds in the World Series. The 1988 A’s,” the story said, “are the best team the American League has sent to the World Series since Charlie Finley’s teams of the early 1970s. These ... approaching the twilight of large-cap and index investing? Is the pendulum about to swing the other way? And if it is, is superstock investing going to be the best way to...

Ngày tải lên: 07/08/2014, 02:20

... say “sell” when they know they will incur the wrath of the company in question, their clients, the brokers who work for their firms, and possibly even their employers, consider the brouhaha that ... inflationary also.” “Oh.” On the other hand, the market might be up 200 points. With the very same items on the tape, the conversation would then go something like this: “How’s...

Ngày tải lên: 07/08/2014, 02:20

... objec- tive of the beneficial owner should be to maximize the value of the investment, the proper way to get out of a large position in one com- pany is to either sell the stake to another company ... this way, the more likely you will be able to identify potential “superstocks”—and the less interested you’ll become in the daily blather that passes for stock market analysis. 7...

Ngày tải lên: 07/08/2014, 02:20

... information, which can point the way to superstock takeover targets long before they attract the attention of most investors, can be found inside The Journal, often at the bottom of the page, in a one- ... support for the stock or to get the message across that the companies themselves believed their stocks were undervalued. When the market bounced back and it was later re...

Ngày tải lên: 07/08/2014, 02:20

... together. Other times there will be a brief lag—days or a week or two at the most—before the other stocks in the industry group start to move up in sympathy with the leader. In recent years the ... to allow the company to accumulate cash to replace the machine when its useful life wears out in 10 years. That is the purpose of the depreciation allowance. The other effect...

Ngày tải lên: 07/08/2014, 02:20