When Not to Play the M&A Game

Thursday, July 12, 2012
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		When Not to Play the M&A Game   by Rob Goldman     When I got into the real, down-and-dirty institutional side of the business in the early-mid 1990s, I came across a lot of arbitrage players.  The sentiment was that the smartest guys on Wall Street were the arb guys, followed by the debt (primarily distressed) guys, with the equity people like me bringing up the rear.    We had some arb traders who basically made their living by buying foreign stocks traded in the U.S. at one price and then selling at a higher price in the country of the stock's origin.  They didn't make a great deal on the transaction, but it was riskless.    Others would determine the value of varying underlying securities of a particular entity. By buying and selling these, they executed similar transactions by taking advantage of inefficiencies in the market.   I confess it always fascinated me. These guys were bright but they were also top-tier traders at heart.   To read more click here >> or visit http://www.pennystockjunction.com     If The Shoe Fits...   by Rob Goldman     We all have travel horror stories and I am no different except in one respect.  As part of my work in the mid-late 1990s, one area that I covered was aviation security.  It's a space I have followed on and off.  And it's one I've made a substantial amount of money for investors as an analyst and money manager.   Just a few months into coverage of the space, my ex-wife and I were scheduled to return to the U.S. from a trip to Israel via TWA on July 19, 1996.  However, on July 18th TWA Flight 800, a plane originating in New York and bound for Paris exploded minutes after takeoff, killing all 230 people on board.   It was immediately assumed that this was a terrorist attack, although many months later the cause of the explosion was determined to be unrelated to terrorism.    Nonetheless, the entire world was on alert.  This was especially the case in Israel, the U.S. and for all TWA flights.    To read more click here >> or visit http://www.pennystockjunction.com

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