07/22/10
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Recommended Reading

You Can Be A Stock Market Genius by Joel Greenblatt is such an informative book that I give away a copy at every presentation. Two other books worth borrowing from the library are The Black Swan by Nassim Nicholas Taleb and The Education of a Speculator by Victor Niederhoffer. In each case, the author presents…

07/22/10
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DynCorp International: SOLD

On April 12, 2010, DynCorp International (DCP) announced that Cerberus Capital would acquire it for $17.55, a 49% premium to the previous day’s closing price. Completion of the transaction was conditioned on approval by shareholders and antitrust authorities. Interestingly, the acquisition agreement allowed DCP to solicit higher offers for an additional 28 days. However, prospects…