ELT was recommended by Top Stock Insights at $15.30 in Investment Digest issue 716, dated April 4, 2012. MODL was recommended by Top Stock Insights at $13.04 in Investment Digest issue 721, dated June 20, 2012.
“Top Stock Insights members were treated to two acquisitions in the past two weeks. The first was Elster Group SE (ELT), which announced takeover plans in late June. A week before the acquisition was made public, we sent out a members-only alert mentioning that a takeover would be likely.
“We bought the stock on March 29 for $15.44. The shares can be sold at $20.40 for a 32% gain in only three short months.
“Last month, I sent out an email notifying members that MModal, Inc. (MODL) was a fantastic stock. In that email I also increased the price target to $19.50.
“Last week, MModal management announced that it would sell the company in a cash deal. The sales price is low (based on my fair value), $14. However, that’s still a 29% premium from where we purchased the stock.”
- Ian Wyatt, Top Stock Insights, July 9, 2012