10 Long Picks, 5 Get Acquired
Today, Taleo Corporation announcing they will be acquired by Oracle Corporation, is the 5th buy recommendation from the 1st quarter 2009 newsletters to be acquired. In the 1st quarter 2009 with the market down over 50% from its 2007 highs, I made 10 long recommendations while nearly all investors were selling or sitting on the sidelines. Below are the 5 stocks acquired:
- Taleo Corporation was recommended at $8 on 1/12/2009. Acquired by Oracle Corporation for $45.50 on 2/9/2012. In 3 years, shares have a cumulative return of 469%
- Warner Music Group was recommended at $1.86 on 2/13/2009. Acquired by Access Industries for $8.25 on 5/16/2011. In 27 months, shares gained 343%
- Allied Healthcare International was recommended at $1.27 on 2/13/2009. Acquired by AGA Group for $3.90 on 7/29/2009. In 29 months, shares gained 207%
- Somanetics Corporation was recommended at $14.89 on 1/12/2009. Acquired by Covidien PLC for $25 on 3/16/2010. In 16 months, shares gained 68%
- Interwoven Inc. was recommended at $12.86 on 1/12//2009. Acquired by Autonomy Corporation for $15.65 on 3/16/2009. In 2 months shares gained 21.70%
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