Talking to Jeff Macke about why takeover targets $VLO, $COH, and $CF are cheap on an acquirer’s multiple basis:
“Here’s your book for the fall if you’re on global Wall Street,” says Bloomberg’s Tom Keene, “It’s an incredibly smart, dense, 213 pages. It’s your Autumn smart read.”
Buy Deep Value: Why Activist Investors and Other Contrarians Battle for Control of Losing Corporations (hardcover or Kindle, 240 pages, Wiley Finance) from Wiley Finance, Amazon, or Barnes and Noble.
[I, and accounts I manage, own CF and VLO.]