Stock Quote        
  Join        Login  
logo

Merger Arbitrage Mondays – June 21, 2010

 June 21, 2010 08:32 AM

There was very little activity on the Merger Arbitrage front last week with just one new deal announced and one deal closing. The new deal announced was the acquisition of Somanetics (SMTS) by Covidien (COV) for $25 per share in cash for a total deal value of $250 million and the deal that closed was the acquisition of BWAY Holdings by Madison Dearborn partners on June 16, 2010. The interesting part about this new acquisition is that Covidien announced the $2.6 billion acquisition of ev3 (EVVV) less than three weeks ago and that deal is expected to close in July.

The Charles River – Wuxi Pharma drama intensified last week with another fund Relational Investors joining Jana Partners in opposing the merger. This comes just days after the James Foster, the CEO of Charles River (CRL) defended the merger in a letter to Jana Partners. In light of these events, WuXi PharmaTech's (WX) stock dropped even more last week and is now trading below the point where the acquisition was announced. The spread on the deal is 31.41% as you can see below.

The pending deals I like the most at this point are,

  1. The acquisition of media software company DivX (DIVX) by Sonic Solutions (SNIC), which has a 5.36% spread  and the potential of 19.17% annualized profits if the deal closes by 9/30/2010.

  2. The acquisition of Portec Rail Products (PRPX) by privately held L. B. Foster, which has a 2.81% spread and the potential of 102.55% annualized profits if the deal closes by 6/30/2010.

  3. The acquisition of bottling company Coca-Cola Enterprises (CCE) by The Coca-Cola Company (KO), which does not have a clearly defined per share acquisition price but is a very lucrative deal as discussed in detail in the blog entry Special Report Update: Coca-Cola Enterprises.

You can use our Merger Arbitrage tool at any point to see the spreads on all the pending deals.

 SymbolAnnounced
Date
Acquiring
Company
Closing
Value
Closing
Price
Last
Price
Closing
Date
ProfitAnnu.

Profit

WX04/26/2010Charles River Laboratories (CRL)$1.6 billion$21.17$16.1112/31/2010 31.41% 59.40%
Details of Wuxi Pharmatech (Cayman) Inc. A
Expected to close by the end of the year for a closing values of $1.6bn. It is a cash and stock transaction in which WuXi PharmaTech ADS holders will receive $11.25 in cash and $10.00 of Charles River common stock determined by an exchange ratio. This exchange ratio will be determined by dividing $10.00 by the weighted average Charles River common stock closing price as reported on the New York Stock Exchange for the 20-day trading period ending on the second business day prior to closing (Charles River Average Price). However, if the Charles River Average Price is equal to or greater than $43.1726, then the exchange ratio will be fixed at 0.2316, and if the Charles River Average Price is equal to or less than $37.1486, then the exchange ratio will be fixed at 0.2692.
AYE02/11/2010FirstEnergy (FE)$8.5 billion$25.66$22.2803/31/2011 15.17% 19.56%
Details of Allegheny Energy, Inc. Common S
Expected to close by March 31, 2011 for a closing value $8.5bn. It is a stock based transaction @ 0.667 share of FE
ATBC05/10/2010Jacksonville Bancorp (JAXB)N/A$2.87$2.5109/30/2010 14.42% 52.12%
Details of Atlantic BancGroup Inc
Expected to close in the third quarter of 2010. If the merger is completed, Atlantic BancGroup shareholders will receive 0.2 shares of Jacksonville Bancorp common stock for each share of Atlantic BancGroup common stock held, plus up to approximately $0.65 per share in cash, subject to the qualifying sale of certain Atlantic BancGroup assets.
SSE02/23/2010Naugatuck Valley Financial Corp (NVSL)$19.5 million$7.25$6.4908/16/2010 11.71% 76.33%
Details of Southern Connecticut Bancorp In
Expected to close by the third calendar quarter of 2010, for a closing value of $19.5mn @ $7.25/share. The Cash/stock election is subject to proration
Q04/22/2010Century Link (CTL)$10.6 billion$5.82$5.4004/21/2011 7.76% 9.32%
Details of Qwest Communications Internatio
Expected to close in the first half of 2011for a value of $10.6bn. Under the terms of the agreement, Qwest shareholders will receive 0.1664 CenturyLink shares for each share of Qwest common stock they own at closing.
BGH06/11/2010Buckeye Partners LP (BPL)$1.14 billion$40.20$37.4612/31/2010 7.31% 13.83%
Details of Buckeye GP Holdings
Expected to close in the fourth quarter of 2010 for a closing value of $1.14 billion. Under the deal, for each Buckeye GP unit, holders will get 0.705 Buckeye Partners units.
ECLP06/09/2010Allscripts-Misys Healthcare (MDRX)$1.3 billion$19.42$18.1311/15/2010 7.09% 17.61%
Details of Eclipsys Corporation
Expected to close in the next four or six months from June 2010 for a closing value of $1.3 billion. On the completion of the merger, Eclipsys shareholders will receive 1.2 shares of Allscripts.
EMMS05/25/2010JS Acquisition and Alden Global Capital (N/A)$3 billion$2.40$2.2509/30/2010 6.67% 24.09%
Details of Emmis Communications Corporatio
Expected to close in the third quarter of 2010 for a closing value of over $3bn. On the completion of the merger, Emmis Communications shareholders will receive $2.40 per share in cash.
TTIL06/09/2010Teoco Corp. (N/A)$58 million$3.00$2.8209/30/2010 6.38% 23.07%
Details of TTI Telecom
Expected to close in the third quarter of 2010 for a closing value of $58 million. On the completion of the merger, TTIL shareholders will receive $3 per share in cash.
PINN02/24/2010Investor Group lead by Scotia Waterous (USA) (N/A)$11 million$0.34$0.321106/30/2010 5.89% 238.71%
Details of Pinnacle Gas Resources, Inc.
Expected to close by the second quarter of 2010 for a closing value of $11mn. It is a cash deal @ $0.34 per share
DIVX06/02/2010Sonic Solutions (SNIC)$323 million$8.38$7.9509/30/2010 5.36% 19.36%
Details of DivX
Expected to close by the third quarter of 2010 for a cosing value of $323mn. On the completion of the merger, DivX shareholders will receive $3.75 in cash and 0.514 shares of Sonic Solutions common stock for each share of DivX they hold.
ME04/15/2010Apache (APA)$2.7 billion$24.43$23.2409/30/2010 5.12% 18.49%
Details of Mariner Energy, Inc. Mariner En
Expected to close by the third quarter of 2010 for a value of $2.7bn. Under the cash and stock deal, Mariner stockholders will receive cash of $7.80 and 0.17043 of a share of Apache common stock in exchange for each share of Mariner common stock.
SWWC03/03/2010Institutional Investors (N/A)$275 million$11.00$10.5203/31/2011 4.56% 5.88%
Details of Southwest Water Company
Expected to close by 3/31/2011 for a closing value of $275 million. It is a cash deal @ $11.00 per share
PMACA06/10/2010Old Republic International (ORI)$228 million$7.29$6.9809/30/2010 4.41% 15.92%
Details of PMA Capital
Expected to close in the third quarter of 2010 for a closing value of $228 million. As part of the agreement, Old Republic will issue 0.55 shares of its common stock in exchange for each outstanding common share of PMA.
PSYS05/17/2010Universal Health (N/A)$3.1 billion$33.75$32.5112/31/2010 3.81% 7.21%
Details of Psychiatric Solutions, Inc.
Expected to close by the fourth quarter of 2010 for a closing value of $3.1bn. On the completion of the merger, Psychiatric Solutions shareholders will receive $33.75 per share in cash.
GLG05/17/2010Man Group (N/A)$1.6 billion$4.50$4.3509/30/2010 3.45% 12.46%
Details of GLG Partners Inc Common Stock
Expected to close by the third quarter of 2010 for a closing value of approximately $1.6bn. On the completion of the merger, GLG Partners shareholders will receive $4.50 per share in cash.
MAM03/12/2010Emera Inc (N/A)$75.7 million$45.00$43.54512/31/2010 3.34% 6.32%
Details of Maine & Maritimes Corporation C
Expected to close by the end of 2010 for a closing value of $75.7 million. The cash deal is @ $45 per share
IDC05/04/2010Silver Lake & Warburg Pincus (N/A)$3.4 billion$33.86$32.8209/30/2010 3.17% 11.45%
Details of Interactive Data Corporation Co
Expected to close by the third quarter of 2010 for a cosing value of $3.4bn. According to the deal, Interactive Data shareholders will receive $33.86 per share in cash.
PRPX02/17/2010L.B. Foster Co. (N/A)$112 million$11.71$11.3906/30/2010 2.81% 113.94%
Details of Portec Rail Products, Inc.
Expected to close by the end of June 2010 for a closing value of $112mn. The cash deal is @ $11.71 per share
BNE02/24/2010RR Donnelley (RRD)$481 million$11.50$11.2009/30/2010 2.68% 9.68%
Details of Bowne & Co., Inc. Common Stock
Expected to close by the second half of 2010 for a closing value of $481mn. It is a cash deal @ $11.50 per share
MIR04/12/2010RRI Energy In. (RRI)$1.6 billion$12.79$12.4812/31/2010 2.45% 4.63%
Details of Mirant Corp Common Stock
Expected to close by the end of the year 2010 for a value of $1.6bn. Mirant Corp. will combine with RRI Energy Inc. in a stock-deal to form GenOn Energy. Mirant stockholders will get about 2.84 RRI common shares for each Mirant share they own.
SII02/19/2010Schlumberger (SLB)$7.5 billion$42.17$41.1809/30/2010 2.39% 8.65%
Details of Smith International, Inc. Commo
Expected to close by the second half of 2010. It is a stock-for-stock merger @ 0.6966 shares of SLB / $42.96 per SII share
BSMD05/13/2010Merit Medical Systems (MMSI)$96 million$4.38$4.2809/30/2010 2.34% 8.44%
Details of BioSphere Medical, Inc.
Expected to close in the third quarter of 2010 for a closing value of $96mn.If the merger is completed, BioSphere Medical shareholders will receive $4.38 per share in cash.
PFWD04/16/2010Oracle Corp. (ORCL)$685 million$17.00$16.6406/30/2010 2.16% 87.74%
Details of Phase Forward Incorporated
Expected to close in the middle of the year 2010 for a value of $685mn. Oracle is paying $17 per share in cash.
EFJI05/17/2010Francisco Partners (N/A)
$1.05$1.0309/30/2010 1.94% 7.02%
Details of EFJohnson Technologies, Inc
Expected to close by the third quarter of 2010. On the completion of the merger, EF Johnson Technologies shareholders will receive $1.05 per share in cash.
VTIV05/06/2010Thomas H. Lee Partners (N/A)$1.1 billion$26.00$25.5209/30/2010 1.88% 6.80%
Details of inVentiv Health, Inc.
Expected to close by the third quarter of 2010 for a closing value of approx $1.1bn. Under the terms of the agreement, which has been approved by inVentiv's board of directors, inVentiv shareholders will receive $26.00 in cash for each share of VTIV common stock they hold.
SNWL06/03/2010investor group led by private equity firm Thoma Bravo LLC (N/A)$636 million$11.50$11.3112/31/2010 1.68% 3.18%
Details of SonicWall
Expected to close by the end of the year for a closing value of $636mn.On the completion of the merger SonicWall shareholders will get $11.50 per share in cash.
VETS06/02/2010VCA Antech Inc (WOOF)$41.25 million$0.34$0.33509/30/2010 1.49% 5.39%
Details of PET DRx Corp
Expected to close by the third quarter of 2010 for a closing value of $41.25mn. On the completion of the mergerPet DRx shareholders are expected to receive $0.34 – $0.36 per share in cash.
OMNI06/04/2010Wellspring Capital Management (N/A)$122 million$2.75$2.7111/15/2010 1.48% 3.66%
Details of OMNI Energy Services Corp.
Expected to close in the second half of 2010 for a closing value of $122mn. On the completion of the merger OMNI Energy Services shareholders will receive $2.75 per share in cash.
RCNI03/05/2010ABRY Partners (N/A)$536 million$15.00$14.8009/30/2010 1.35% 4.88%
Details of RCN Corp.
Expected to close by the Second half 2010 for a closing value of $536mn. It is a cash deal @ $15.00 per share
DBTK05/17/2010Vision Solutions (N/A)$242 million$10.55$10.4109/30/2010 1.34% 4.86%
Details of Double-Take Software, Inc.
Expected to close by the third quarter of 2010 for a closing value of $242mn. On the completion of the merger, Double-Take Software shareholders will receive $10.55 per share in cash.
DCP04/12/2010Cerberus Capital Management (N/A)$1.5 billion$17.55$17.3211/15/2010 1.33% 3.30%
Details of Dyncorp International Inc. Dync
Expected to close in the third or fourth quarter of 2010 for a value of $1.5bn. DynCorp International
NADX04/05/2010GDC Holdings Inc. (N/A)$100 million$17.00$16.8006/30/2010 1.19% 48.28%
Details of National Dentex Corporation
Expected to close at the end of the quarter ending June 30 for a value of $100mn. The deal is @ $17.00 per share in cash.
CYBS04/21/2010Visa Inc. (V)$2.0 billion$26.00$25.7009/30/2010 1.17% 4.22%
Details of CyberSource Corporation
Expected to close in Visa's Fourth Fiscal Quarter ending in September for a closing value of $2bn. The closing price for the cash deal is at a price of $26.00 per share.
IUSA03/08/2010CCMP (N/A)$460 million$8.00$7.9206/30/2010 1.01% 40.97%
Details of infoGROUP Inc.
Expected to close by this Summer for a value of $460 million @ $8.00 per share
WEL04/09/2010Halliburton Company (HAL)$240 million$3.00$2.9709/30/2010 1.01% 3.65%
Details of Boots and Coots, Inc. Common St
Expected to close in the summer of 2010 for a value of $240mn. The $3 cash & stock deal consists of $1.73 in cash and $1.27 in Halliburton stock.
ODSY05/24/2010Gentiva Health Services (GTIV)$1.0 billion$27.00$26.7609/30/2010 0.90% 3.24%
Details of Odyssey Healthcare, Inc.
Expected to close in the third quarter of 2010 for a closing value of $1.0bn. On the completion of the merger, Odyssey HealthCare shareholders will receive $27.00 per share in cash.
CAL05/03/2010United (UAUA)$1.2 billion$24.99$24.7712/31/2010 0.89% 1.68%
Details of Continental Airlines, Inc. Comm
Expected to close by the end of 2010 for a closing value of approximately $1.2bn. In the merger, Continental shareholders will receive 1.05 shares of United common stock for each Continental common share they own.
VIRL06/10/2010Synopsys (SNPS)$315 million$12.00$11.9012/31/2010 0.84% 1.59%
Details of Virage Logic Corp
Expected to close in the fourth quarter of 2010 for a closing value of $315 million. The deal values Virage at $12 per share.
CRN04/19/2010GeoGroup (GEO)$685 million$27.42$27.1909/30/2010 0.83% 3.02%
Details of Cornell Corrections, Inc. Commo
Expected to close in the third quarter of 2010 at an estimated enterprise value of $685 million based on the closing prices of both companies
CKR03/01/2010Apollo Management VII (N/A)$694 million$12.55$12.4506/30/2010 0.80% 32.57%
Details of CKE Restaurants, Inc. Common St
Expected to close by June 30 for a closing value of $694 mn.CKE scrapped the THL deal and accepted Apollo's takeover bid @ $12.55 per share.
EVVV06/01/2010Covidien plc (COV)$2.6 billion$22.50$22.3307/31/2010 0.76% 6.95%
Details of ev3
Expected to close by July 31, 2010 for a closing value of $2.6bn. Covidien will pay $22.50 in cash for each ev3 share.
VRAD05/17/2010Providence Equity (N/A)$294 million$17.25$17.1209/30/2010 0.76% 2.74%
Details of Virtual Radiologic Corporation
Expected to close by the third quarter of 2010 for a closing value of $294mn. On the completion of the merger, Virtual Radiologic shareholders will receive $17.25 per share in cash.
ATSI04/29/2010Medtronic (MDT)$350 million$4.00$3.9709/30/2010 0.76% 2.73%
Details of ATS Medical, Inc.
Expected to close by September 30 for a value of $350mn. Medtronic is offering ATS Medical $4 per share
SXE05/07/2010CGI Group (N/A)$904 million$37.50$37.2509/30/2010 0.67% 2.43%
Details of Stanley, Inc. Common Stock
Expected to close during the fall of 2010 for a closing value of $904mn. CGI will pay shareholders $37.50 for each share of Stanley.
WMZ05/24/2010Williams Partners L.P. (WPZ)
$32.80$32.6009/30/2010 0.62% 2.23%
Details of Williams Pipeline Partners LP C
Expected to close in the third quarter of 2010. On the completion of the merger, Williams Pipeline Partners shareholders will receive 0.7584 shares of Williams Partners common stock per share held.
ORCD03/16/2010eMusic (N/A)$12.77 million$2.05$2.0408/16/2010 0.49% 3.20%
Details of The Orchard Enterprises, Inc
Expected to close by the third quarter of 2010 for $12.7 million @ $2.05 per share.
SMTS06/16/2010Covidien (COV)$299 million$25.00$24.8807/31/2010 0.48% 4.40%
Details of Somanetics Corp.
Expected to close on July 21, 2010 for a closing value of $299 million. On the completion of the merger Somanetics shareholders will receive $25 per share in cash.
CPII05/10/2010Comtech (CMTL)$472.3 million$15.94$15.8709/30/2010 0.46% 1.65%
Details of CPI International, Inc.
Expected to close in the third quarter of 2010 for a closing alue of $472.3mn. If the merger is completed, CPI International shareholders will receive a combination of $9.00 in cash plus a fraction of Comtech common stock equal to $8.10 divided by the average closing price of Comtech common stock over a specified period of time prior to closing, provided that the fraction shall not be greater than 0.2382 nor less than 0.2132.
SENO05/05/2010Bard (BARD.PK)$200 million$11.00$10.9509/30/2010 0.46% 1.65%
Details of SenoRx, Inc.
Expected to close by the third quarter of 2010 for a closing value of $200mn. The deal is @ $11.00 per share in cash.
BELM03/29/2010Avnet (AVT)$252 million$7.00$6.9706/30/2010 0.43% 17.46%
Details of Bell Microproducts Inc.
Expected to close in two to four months for a closing value of $252mn and also assuming $342 million in debt for the company as part of the transaction, bringing the total value of the deal up to $594 million.Avnet is paying $7 a share for San Jose-based Bell Microproducts Inc.
SY05/12/2010SAP (SAP)$5.8 billion$65.00$64.7309/30/2010 0.42% 1.51%
Details of Sybase, Inc. Common Stock
Expected to close in the third quarter of 2010 for a closing value of $5.8bn. If the merger is completed, Sybase shareholders will receive $65.00 per share in cash.
STBK03/18/2010Roma Financial Corp (ROMA)$14.7 million$2.52$2.5108/16/2010 0.40% 2.60%
Details of Sterling Banks, Inc.
Expected to close in the third quarter of 2010 for a closing value of $14.7 million. The cash deal is @ $2.52 per share
RBI03/15/2010affiliate of Oncap Management Partners L.P. (N/A)
$13.55$13.5008/16/2010 0.37% 2.41%
Details of Sport Supply Group, Inc

Expected to close in the second or third quarter of 2010. ONCAP has the unilateral option to terminate the merger agreement by paying to Sport Supply Group a termination fee of either $6,000,000 or $10,000,000, depending on whether financing is available to ONCAP. It is a cash deal @ $13.55

MIL03/01/2010Merck (MRK)$6 billion$107.00$106.6109/30/2010 0.37% 1.32%
Details of Millipore Corporation Common St

Expected to close by the second half of 2010 for a closing value of $6bn. It is a cash deal @ $107 per share

PALM04/28/2010Hewlett – Packard (HPQ)$1.2 billion$5.70$5.6807/31/2010 0.35% 3.21%
Details of Palm, Inc.

Expected to close by July 31, 2010 for a closing value of $1.2bn. It is a cash deal @ $5.7 per share.

HTRN05/05/2010Endo Pharmaceuticals (ENDP)$223 million$4.85$4.8407/31/2010 0.21% 1.89%
Details of HealthTronics, Inc.

Expected to close by July 31, 2010 for a closing value of $223mn. The deal is @ $4.85 cash per HealthTronics share

NGA04/01/2010AZZ Inc. (AZZ)$125.6 million$7.50$7.4908/31/2010 0.13% 0.69%
Details of North American Galvanizing & Co

Expected to close by the end of AZZ's fiscal second quarter, Aug. 31for a value of $125.6 million. AZZ plans a cash tender offer for NAGC of $7.50 per share

MDNU06/11/2010Danone (N/A)$62.3 million$4.00$4.0009/30/2010 0.00% 0.00%
Details of Medical Nutrition USA

Expected to close in the third quarter of 2010 for a closing value of $62.3 million. On the completion of the merger, shareholders of Medical Nutrition USA will receive $4 per share in cash.

TWPG04/26/2010Stifel Financial (SF)$300 million$6.08$6.0806/30/2010 -0.03% -1.34%
Details of Thomas Weisel Partners Group, I

Expected to close on June 30 for a closing values of $300mn. Stifel plans to acquire all of the outstanding shares of Thomas Weisel Partners common stock in a stock-for-stock merger using a fixed exchange ratio of 0.1364 shares of Stifel common stock for each share of Thomas Weisel Partners common stock.

TSFG05/17/2010TD Bank Financial Group (N/A)$61 million$0.28$0.280409/30/2010 -0.14% -0.52%
Details of The South Financial Group Inc.

Expected to close by the third quarter of 2010 for a closing value of $61mn. On the completion of the merger, The South Financial Group shareholders will receive either $0.28 in cash or 0.004 shares of TD Bank Financial Group common stock per The South Financial Group common share held.

GNA06/02/2010Gerdau (GGB)$1.7 billion$11.00$11.08N/A -0.72% 0.00%
Details of Gerdau Ameristeel Corporation
ARD04/04/2010SandRidge Energy Inc. (SD)$1.6 billion$35.27$36.3109/30/2010 -2.86% -10.34%
Details of Arena Resources Inc Common Stoc

Expected to close during the second or third quarter of 2010 for a value of $1.6bn. The stock-cash merger is @ 4.7771 shares of SandRidge common stock and $2.50 in cash for each share of Arena common stock.

SMMX04/05/2010Accelrys Inc. (ACCL)$186 million$5.27$5.5506/30/2010 -4.97% -201.57%
Details of Symyx Technologies, Inc.

Expected to be completed by the end of June 2010 for a value for $186mn. It is an all-stock merger where Symyx shareholders will receive 0.7802 shares of Accelrys common stock for each share of Symyx.

TLCR06/07/2010Grifols (N/A)$3.4 billion$19.00$21.3212/31/2010 -10.88% -20.58%
Details of Talecris

Expected to close by the end of the year for a closing value of $3.4 billion. On the completion of the merger Grifols will pay $19 in cash and 0.641 newly issued, nonvoting shares for each share of Talecris.

DTG04/26/2010Hertz (HTZ)$1.3 billion$39.34$44.7312/31/2010 -12.05% -22.80%
Details of Dollar Thrifty Automotive Group

Expected to close by the end of the year for a value of $1.3 billion. The transaction values Dollar Thrifty stock at approximately $41.00 per share. the $41.00 per share purchase price is comprised of 80% cash consideration and 20% stock consideration. The cash portion will be paid in two components; (1) a $200 million special cash dividend representing approximately $6.88 per share, to be paid by Dollar Thrifty immediately prior to the transaction closing and (2) $25.92 per share to be paid by Hertz at the closing. The stock is at a fixed exchange ratio of 0.6366 per share, based upon a Hertz common stock closing price of $12.88 per share on April 23, 2010.

MCCC06/01/2010Chief Executive Rocco Commisso (N/A)$590 million$6.00$6.85N/A -12.41% 0.00%
Details of Mediacom Communications Corporation
CCE02/25/2010The Coca-Cola Company (KO)$12.3 billionN/A$27.0410/01/2010 N/A N/A
Details of Coca-Cola Enterprises, Inc. Com

Expected to close by October 1, 2010 for a closing value of $12.3 billion. The deal includes $10 per share + a share in a new bottling company


Rich
i On The Market - Daily Newsletter
Every trading day, be ready to attack the market instead of reacting to the market.

You will know where the key technical resistance and support levels are and what the market is likely to do next. iStock will arm you with a target list of stocks to buy and sell - right now - based on our exclusive, proprietary trading models.

Two Week FREE Trial


Signup for i on the market daily edition


Advertisement

Comments Closed


Advertisement
Connect with iStockAnalyst
Popular Articles
Recent Research and Quote
Advertisement
Partner Center



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.