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A bit of a one-sided merger arb. Buy Sky

By Chris Bailey of Financial Orbit | Saturday 14 October 2017


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


We all know the market is a bit too excitable currently and that opportunity is in most cases more fleeting than structural. Analytically that pulls me towards market leaders, good balance sheets and dividends. It also makes me wonder about the strategies of hedge funds. This website has a proud history of spotting good shorts - and I see Tom has just unveiled a new bottom-end of the larger cap brethren short idea HERE. Another popular hedge fund strategy is merger arbitrage i.e. betting on whether deals complete or not and from this perspective I got thinking about Sky (SKY) which has just reported its first quarter numbers. 


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