That was a takeover Monday!
Financial Times has called today as takeover Monday. That should move the M&A boom into the next phase, where ordinary folks, so enthralled by real-estate so far, start buying on every rumor.
From this point onwards it will get much harder to find real bargains, as the prospects of a takeover will start to form, at times an artificial and elevated, floor for a number of stocks.
It has been more than 3 years since I started buying every cheap potential target around. The hits have been coming, at an increasing pace lately, and they should accelerate even further.
Here are a few more of today's headlines:
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