planman
Dryer sheet aficionado
New member Looking to start a ongoing thread where sophisticated investors can swap ideas about investment strategies like spin-offs, conversions, div capture strategies and market inefficiencies.
I have several. I primarily use Ameritrade and Schwab. I am a long term shareholder of both BAX and MAR (back through the entire list I posted). One some of them I bought additional shares of the spin out.I did BAXALTA prior to LMT. BAX was a double header as you first got the spin off then you got to tender. Made about 30% if I recall. What broker are you using and do they let you do multiple odd lots ?
Last but not least mutual conversions anyone playing the bank IPO game ?
My special situation portfolio is up around 125% last three years with about 1/10 the standard deviation of the market. I have never used one strategy over any 10 year period as the inefficiencies that drive any strategy are fluid and depend on what part of the market cycle we are in. Special situations like spin offs and conversions have been a great fishing hole last three years. Back in 2009 buying an index may have made sense when P/E were 15 but buying an index at a 20-22 market P/E is a minefield I'm just not interested in crossing. I'm all about Alpha or risk adjusted return.
New member Looking to start a ongoing thread where sophisticated investors can swap ideas about investment strategies like spin-offs, conversions, div capture strategies and market inefficiencies.
How do your returns over the past ten years compare to if you had put 100% of your money into Vanguard Total Stock Market Index for the same period?
I think they do, that's why a lot of people are in cash. I wouldn't underestimate most investors.
SAMCLEM I started the thread in the hope that we could trade ideas. I have no interest in telling you anything or anyone else anything if I get nothing in return.
Ill trade ideas via PM with anyone who has something of value to trade
But how about addressing the question of trading ideas via PM's? What's the point of that?