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Strategies & Market Trends : Speculating in Takeover Targets
ULBI 6.750-2.2%2:31 PM EST

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To: dvdw© who wrote (1768)7/19/2007 6:58:41 PM
From: Glenn Petersen  Read Replies (1) of 7243
 
dvdw,

Feel free to use the information. That's the whole purpose for compiling it.

I am surprised that the blank check companies have not attracted more attention. About two weeks ago, I accumulated the closing Nasdaq index prices on the dates for each of the blank check IPOs. I then calculated the returns on the units for each blank check IPO from its IPO date and compared that performance to the percentage change for the Nasdaq index over the same period. As a group, the blank check companies that have either closed on a deal, or have a deal waiting approval, have handily beaten the Nasdaq index. I am going to update my spreadsheets over the weekend and post the results. Of course, the real test will be whether or not these companies outperform the index over the long-term or in a serious bear market.

Regards,

Glenn
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