This post was just published on ZYX Buy Change Alert.
Long time subscribers to The Arora Report have generated significant wealth from our success in picking companies that get bought out.
VVC is the 134th portfolio company to get bought out.
VVC was only recently purchased at $60.64. 40% is being held.
In an update we had previously shared with you that CenterPoint Energy CNP was one of the lead bidders. Now it is official. CNP is making a cash buyout offer of $72 for VVC stock.
VVC is an electric and gas utility. Utility buyouts take a while to close due to the regulatory approvals that are needed. We expect the buyout to close in the first quarter of 2019.
What To Do Now
The stock is trading around $69. By waiting you may earn a dividend of $1.80. In the end, waiting to tender shares next year may produce a return of about 7%. This is certainly better than the return you can get on a one-year bond.
Investors who like the idea of a 7% return going forward may consider continuing to hold.
Investors who do not want to wait may consider scaling out on any up spikes.
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