Monthly Archives: June 2016

Which Banks are on the Hook for Brexit Currency Losses?

Investors are digesting the implications of the British decision to leave the European Union, as well they should. Banks with large currency trading and hedging desks, of which there are too many to enumerate, will likely be posting outsized “one

Posted in Open Blog

Aetna raises $13 billion via bond offering for proposed purchase of Humana (HUM-NYSE, $187.36)

The implication, that may be derived from the bond issuance, is that the planned acquisition of Humana by Aetna, in a cash and stock swap, is very much on track for a second half 2016 close. http://www.marketwatch.com/story/aetna-raises-13-billion-in-bond-sale-to-finance-humana-bid-2016-06-02?siteid=yhoof2

Posted in Open Blog

Added Lassonde Industries (LAS-A,-TSX, $173.33) to Model Portfolio. Enterprise Value Less Than 1X Revenues.

Valuation is less than 1X sales. A blockbuster acquisition may propel this company into large mid-cap status in coming years.

Posted in Portfolio Model Subscription