October 14, 2019 06:14 AM RSS

A Valuable Lesson

  • Wall Street Rebel | Geoff Garbacz
  • 10/06/2016 08:10 AM
A Valuable Lesson

In pre market trading, Twitter (TWTR) is down -15.96% at $20.97. The reason is simple. Google (GOOGL), Apple (AAPL) and Walt Disney (DIS) have decided not to bid for the social media company.

That leaves one bidder Salesforce (CRM) unless Facebook (FB) shows up out of no where. Unlikely.

The lesson to be learned here is that buying a stake in a company because the company put itself up for sale can be a 50/50 proposition. We do not play names in our portfolios for a pending bid.

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