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Title: How do you handle buy outs? Post by: bryanmcn on February 21, 2007, 02:30:16 PM I noticed that CLG was recently bought out by AEM. How does your strategy handle it? Do you now re-assess CLG according to AEM's chart and momentum?
Title: Re: How do you handle buy outs? Post by: Super Stock Picker on February 21, 2007, 04:54:43 PM Hello,
CLG is not currently selected in any of our portfolios, so there is nothing special for us there. We always let our software assess all the traded stocks, and following this buy-out, it will just make one stock less to be considered. The case is not that trivial when the buy-out concerns one of the stock that is on hold in one of our portfolios. In this case, we would apply the same buy-out conditions into our portfolios to replace the old stock by the new one, updating also the buy price to reflect the price we have actually paid (we don't want to list the price the stock was trading at the day we bought the first one). In order to keep track of such changes, we now list these operations into the board Modified or Delisted Tickers (http://www.superstockpicker.com/forum/index.php?board=9.0). Since we have set it up, we only have recorded the Denison and IUC merger. |