How We Outsmarted AIG for 45% Gains Overnight
May 15, 2018 at 06:00 AM EDT
If you’re like me, few things get your blood pumping faster than when one of your stocks gets bought out—sending its price skyrocketing. I’m writing you about this now because it’s fresh in my mind: subscribers to my Hidden Yields service recently bagged a 58% total return in less than two years on reinsurer Validus (VR) after it was snapped up by insurance giant American International Group (AIG) in a deal announced in January. A big part of that gain came literally overnight —the stock popped 45% from its previous closing price when news of the deal broke. I’ll share the name of an insurer that’s set to be the next Validus in a second.… Read more
