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PayPal In/Broadcom Out Of QQQ - M&A Daily

Welcome to the QQQ edition of M&A Daily

Sifting the World members receive exclusive access to event driven, value investing, and arbitrage opportunities. You can receive actionable research first on StW. Meanwhile, here are some examples of such opportunities in today's market.


PayPal (NASDAQ:PYPL) will be added to the NASDAQ's (NASDAQ:NDAQ) NASDAQ-100 (NASDAQ:QQQ) Index and the NASDAQ-100 Equal Weighted Index before the market opens on Wednesday, November 11. PayPal replaces Broadcom (NASDAQ:BRCM). PYPL will eventually be a deal target. As for BRCM, the $1.61 net arbitrage spread offers an 8% annual return if the acquisition closes by next April.

Reading International

Reading (NASDAQ:RDI) has been a sensational investment since Andrew Shapiro first brought this opportunity to our attention. For his latest, I recommend reading Reading International's Q2 2015: Set Records, Full Of News. Andrew is someone worth following on SA (you can do so in the lower left corner here) - his other ideas have been big winners, as well. I have learned and profited an immense amount from his ideas; you could too. While I have discussed the positives and negatives of TipRanks methodology in the past, it is worth mentioning Andrew's performance. Fourteen out of fourteen of the ideas that they measured have been successful after two years; their average performance has been +64% over that time period.

While he occasionally has to battle managements, they would have better served their owners had they simply taken his advice and asked him to join their boards. If you want to see...