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portefeuille (99.78)

MITI

Recs

8

January 26, 2012 – Comments (4)

mhy729 just reminded me (see comment #113 here) that I had not yet celebrated the MITI acquisition. I think I am a little jaded by the recent "success" of my biopharma stock picking (my "fund" gained around 70% since its December 2011 performance low). I do have reason for a little MITI celebration though, I guess.

There are currently 600 MITI shares in the fund (see here) with break-even of around 5.38 USD.

And I recommended MITI im my good old "list of calls" (see here) when it was at around $2.52.

 

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#235) On March 17, 2009 at 1:56 PM, portefeuille (99.79) wrote:

MITI - 2.52 - outperform

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#577) On July 13, 2009 at 9:45 AM, portefeuille (99.79) wrote:

MITI - end outperform - 4.80 - no new rating

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#1172) On June 01, 2010 at 1:17 AM, portefeuille (99.79) wrote:

MITI - 6.09 - outperform

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Les portefeuilles also have a decent MITI track record.

 



enlarge

(from here)

 

momentum21 is also celebrating (see comment #30 here) ...

4 Comments – Post Your Own

#1) On January 26, 2012 at 3:09 PM, portefeuille (99.78) wrote:

"success" of

"success" with

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#2) On January 26, 2012 at 5:02 PM, irishred1 (< 20) wrote:

congrats port...I still think shareholders got screwed and deserved a higher premium but great pick nonetheless

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#3) On January 26, 2012 at 7:26 PM, dragonLZ (99.34) wrote:

Great job, porte. Congrats.

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#4) On January 27, 2012 at 6:19 AM, portefeuille (99.78) wrote:

Also a decent call from my good old "list of calls" (see here) is my SOA recommendation from April 1, 2009.

 

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#414) On April 01, 2009 at 3:20 PM, portefeuille (99.79) wrote:

SOA - 1.98 - outperform

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#647) On August 01, 2009 at 10:12 PM, portefeuille (99.79) wrote:

SOA - end outperform - 8.94 - new rating: market perform

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#1071) On March 21, 2010 at 10:08 AM, portefeuille (99.79) wrote:

SOA - end market perform - 14.84 - no new rating

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today's news.

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Eastman to Acquire Solutia

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KINGSPORT, Tenn. & ST. LOUIS--(BUSINESS WIRE)-- Eastman Chemical Company (NYSE: EMN - News) and Solutia Inc. (NYSE: SOA - News) today announced that they have entered into a definitive agreement, under which Eastman will acquire Solutia, a global leader in performance materials and specialty chemicals. Under the terms of the agreement, Solutia stockholders will receive $22.00 in cash and 0.12 shares of Eastman common stock for each share of Solutia common stock. Based on yesterday’s closing prices, Solutia shareholders will receive cash and stock valued at $27.65 per Solutia common share, representing a premium of 42 percent and a total transaction value of approximately $4.7 billion, including the assumption of Solutia’s debt. 

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enlarge

(from here)

 

SOA is not in the fund, though ...

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