ownyourfuture
Thinks s/he gets paid by the post
- Joined
- Jun 18, 2013
- Messages
- 1,561
For me, it's Con-Agra.
I originally owned Pinnacle Food shares, & they performed magnificently in the approximate 3.5 years I owned them.
On June 2018, Conagra announced it would acquire Pinnacle for $8.1 billion.
I was dead set against the deal from the beginning, but unfortunately it went through, & on October 26, 2018, my PF shares morphed into CAG shares @ a cost basis of $35.42
Total return on those shares (including dividend reinvestment) for the 16 months or so I've owned them, is -16.97%
Full disclosure: A cash payment was part of the deal, (can't remember how much) so when you take that into consideration, I'm not really down 16.97%
On the other hand, I'm leery of a stock that's down that much, in a 16 month period, that at least until recently, was ideal for stocks.
I originally owned Pinnacle Food shares, & they performed magnificently in the approximate 3.5 years I owned them.
On June 2018, Conagra announced it would acquire Pinnacle for $8.1 billion.
I was dead set against the deal from the beginning, but unfortunately it went through, & on October 26, 2018, my PF shares morphed into CAG shares @ a cost basis of $35.42
Total return on those shares (including dividend reinvestment) for the 16 months or so I've owned them, is -16.97%
Full disclosure: A cash payment was part of the deal, (can't remember how much) so when you take that into consideration, I'm not really down 16.97%
On the other hand, I'm leery of a stock that's down that much, in a 16 month period, that at least until recently, was ideal for stocks.
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