This post was just published on ZYX Buy Change Alert.
A large number of subscribers are holding General Cable (BGC) stock from $10. Newer subscribers are holding BGC from as high as $21. BGC has received a $30 cash buyout offer from Prysmian Group. The Arora Report had previously identified BGC as a takeover target.
A large number of subscribers have almost tripled their money.
The Arora Report subscribers have benefited tremendously from our propensity to find buyout targets in advance. This is the 131st buyout of an Arora Report portfolio company. The 130th buyout was of Advanced Accelerator Applications (AAAP) which has been bought out by Novartis (NVS). The Arora Report subscribers doubled their money in that buyout.
What To Do Now
The transaction is likely to close in the second half of 2018. We do not expect a higher offer but that is always a possibility. What to do now depends on your personal preference. The stock is trading at $29.30 as of this writing. There will be over 3% additional return if the stock is held and ultimately tendered at $30. However for some subscribers there may be better uses of cash.
Trades posted on The Arora Report Market Blog have produced unrivalled performance since 2007. Please click here and scroll down to see the table of all trades. These trades have been scrutinized in real-time by thousands of investors across the globe. This provides easy verification of performance for newcomers to this site. Only those trades are included in the performance where the entry post was made available to subscribers to The Arora Report Market Blog. When the entry post is made available only to the paying subscribers and not posted in real-time on The Arora Report Market Blog, the resulting performance of the trade is not credited in the performance table. There are very nice gains on this trade but since the entry trade was not posted here for the free subscribers in real-time but only made available to the paying subscribers, handsome profits on this trade will not be added to the performance of The Arora Report Market Blog shown on the table.
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