TAKE PROFITS ON SMITH & NEPHEW AND EXIT THE POSITION $SNN $MDT $SYK $COV $JNJ
One of the rumored suitors of SNN has been MDT. MDT just bought COV and is now likely out of the race to buy SNN. There are still other suitors of SNN such as SYK and JNJ, but the stock is likely to drift lower unless an immediate bid appears.
June 16, 2014