If you and I buy stock in a company we believe is undervalued -- and we're right in that belief -- then by definition it could find itself "in play." I love it when I hold a stock and another company makes an offer to purchase it. And I especially love it when the offer is fair and for cash.
That was certainly the case with Imagistics International last September.
Of course, deals aren't always for cash. But what the heck. I generally like a climate of deals getting done and see that now even companies from emerging markets are getting in the deal game on a global basis, as reported in today's Wall Street Journal:
Companies from emerging markets, armed with piles of cash from rising commodity prices and abundant financing, are snapping up targets in Europe and the U.S., a trend that could shift the global economic balance of power in some industries.
The piece is interesting. Though it could mean nothing for the holdings listed on this site. Then again, it could mean something. I wouldn't be surprised to see a company -- from a developed or emerging market -- make an offer for Deckers Outdoor Corporation (DECK/NASDAQ) or USA Mobility (USMO/NASDAQ), to name two.
No, that's not a prediction. Just a possibility.
Because the more deals are getting done around the world, the greater the chances of seeing value unlocked in undervalued companies. Sometimes even the ones you or I own.
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