A Thought on Most Major Acquisitions A Value Investor Buying Strategy

A Tip on the IPO Market

The new issue market is ruled by controlling stockholders and corporations who can usually select the timing of offerings. Understandably these sellers are not going to offer any bargains. It's rare you'll find X being sold for half X. Indeed, in the case of common stock offerings, selling shareholders are often motivated to unload only when they feel the market is overpaying.