TAKE PARTIAL PROFITS ON MEAD JOHNSON, A REPORT OF CHINA TIGHTENING RULES ON BABY FORMULA $MJN
This post was just published on ZYX Buy Change Alert.
MJN is a manufacturer of baby formula with significant sales in China. The thesis behind holding MJN is that it will be bought out. $130 buyout price is not out of the question. MJN is trading at $84.50 as of this writing. Just now we have received a report from China that China is tightening requirements on baby food formula. The report is not yet confirmed and we do not yet have any details.
For those not experienced in investing, it would seem that the best course is to wait to find out the details and confirm the report. … Please click here or the title below to read more.