Recently, I’ve been highlighting several very profitable trades in the Special Situations Real Money Portfolio. The last one was the profitable merger arbitrage associated with the cash buyout of Anheuser Busch by InBev, now know as Anheuser-Busch InBev (INBVF). Well, it was bound to happen. My streak of good luck has run out. The reverse split [...]
This evening I’m celebrating my homerun merger arbitrage hit with an ice cold Bud. My shares of Anheuser-Busch Companies (BUD) were cashed out this morning. I was expecting that I would be cashed out of this position rather soon ever since I saw last week that the Department of Justice cleared the merger with InBev (INBVF).
The Special Situations Real Money [...]
Not even Warren Buffett was immune to the stock market’s rampant first-half gyrations, as Berkshire HathawayInc. (BRK.A, BRK.B) notched its worst first half in 18 years, with the shares skidding more than 16%. But only a fool would count out the great…
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