Can anyone cite examples of a mega-merger where stock prices were still up a year or two later? Maybe they are out there, but I can't readily recall any. It seems like the challenges of merger disparate business cultures usuallly consume them, and affects earnings for years to come. Or is this too much of a generalization?
I would think the stock price at the time of or just after the merger is completed would be the highest you will probably see for a while- Like hiring a new employee-the day you interview him is usually the best he/she is ever going to look. Then the newness wears off..
Maybe some of you older and wiser investor types would care to pontificate?