The Superstock Investor: Profiting from Wall Street’s Best Undervalued Companies
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In The Superstock Investor, stock-picking icon Charles LaLoggia provides the tools and insights sharp investors need to uncover ready-to-perform stocks—and walks the reader step-by-step through the process of identifying and selecting these stocks before they break out to become true Superstocks.Whether sniffing out prime consolidation candidates or spotting takeover candidatesin multiple-bidder situations, The Superstock Investor provides every clue active investors need to find the best in undervalued stocks.
Author’s Introduction:
The Superstock Investor shows you the clues, or Telltale Signs, that can point you toward stocks like these. I know these Telltale Signs exist because I have been using them for 25 years to pick countless takeover targets. My success in recognizing these signs is a matter of public record, as you will see. During one particularly productive 55-month period through September 2000, a total of 48 of my recommended stocks received takeover bids.
I want to make one thing perfectly clear at the outset, though: What you will learn in this book is not a “get rich quick” method of investing. There are no sure things in the stock market except this: There are no sure things! I have seen countless systems and approaches to stock selection and market timing come and go.
Many work for a while—sometimes for quite a while—and then fall into disfavor and disrepute because they simply stop working. Nobody knows why. Some resurface years later and begin working again, “discovered” by a new generation of investors.
Contents:
- A Defining Moment
- A Superstock Is Born
- Stock Selection
- Investing Paradigms: A New Way of Thinking about Stock Selection
- The Twilight of Index Investing
- Experts: What Do They Know?
- What Is Value?
- Chapter Eight
- If Everybody Knows Everything, Then Nobody Knows Anything
- Creeping Takeovers
- How to Create Your Own “Research Universe” of Takeover Candidates—The Telltale Signs
- How to Use the Financial Press
- Family Feuds
- “Beneficial Owner” Buying
- The “Pure Play” and the Drugstore Industry
- Using Charts
- The Domino Effect
- Merger Mania: Take the Money and Run
- Look for Multiple Telltale Signs
The Superstock Investor: Profiting from Wall Street's Best Undervalued Companies By Charles M. Laloggia, Cherrie A. Mahon pdf
| Author(s) | |
|---|---|
| Pages | 313 |
| Format | |
| Publication Year | 2001 |
4 reviews for The Superstock Investor: Profiting from Wall Street’s Best Undervalued Companies
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Misael Beltran (verified owner) –
The book provides a different perspective on investing in equity of small and mid cap companies which are likely to be acquired by larger companies in near future. The authors provide a detailed framework for spotting such opportunities and acting on those. The book contains numerous case studies explaining the practical aspects of actual acquisitions and takeovers. This will be a valuable read for serious equity investors even in India. There will be a number of opportunities in future where an astute investor can apply the methods suggested in this book. An eye opener for investors, written in a very lucid manner. The general commentary is also very informative and rich in content.
Emberly Guzman (verified owner) –
At first glance, this book may look like just another tediously detailed behind-the-scenes guide to picking stocks. But the delightful surprise concocted by authors Charles M. LaLoggia and Cherrie Mahon is the book’s page-turner narrative and laugh-out-loud wit, which they often use effectively to nail critical points. The authors focus on how to spot and invest in undervalued companies. We from getAbstract recommend this book to investment professionals (hey, the way things are going, a few fresh insights can’t hurt) as well as to anyone, including Sunday speculators in need of a good laugh.
Lorenzo Burnett (verified owner) –
The Superstock Investor is the best resource I have seen for legal and ethical instruction on how to spot companies that will be taken over or whose stocks will soon soar due to temporary, special circumstances. These methods can help you make money in up and down markets, but they require a lot of learning and focus. Even if you don’t plan to use these investment methods, you will learn a lot of how Wall Street works from this fine book.
A Superstock is a “stock that has the potential to rise significantly in price regardless of what the general stock market is doing.” This will be due to a “specific potential event, or ‘catalyst,’ usually a takeover bid . . . .” These stocks are selling well below their on-going value as a business but no one cares because they are small and either cyclical or slow-growing.
The book is filled with actual stocks that the authors have picked and followed in their newsletter. The case histories go back over 25 years of special situations, including cumulative preferred stocks suddenly making their payments after having been in arears.
The basic method involves watching factors like takeover activity in an industry, the ownership of 5+ percent institutions through 13D filings with the SEC, insider buying and selling, company share repurchases, and technical trading patterns discerned from charts.
The opening section points out the weaknesses of how most people try to pick stocks. The examples are quite humorous, and will provide entertainment value even to people who do not buy and sell stocks.
The authors are also cautious about making claims. They are trying to give you an additional set of tools, rather than replacing whatever tools you use now. The examples of how to pay attention differently to financial news are very well done.
On the other hand, do be aware that few people are going to have the interest and discipline to learn to use this investing method.
After you finish profiting from this book, I suggest that you think about where else the consensus is usually wrong. What about forecasts of what will happen next politically? . . . with fashion? . . . with the economy? . . . with entertainment celebrities?
Learn to take the conventional wisdom as wishful thinking or the latest, best guess . . . rather than as fact!
Kaydence Webb (verified owner) –
Charles LaLoggia recently passed away. He was a legend on Wall Street for picking stocks in companies ripe for takeovers giving investors huge gains in both bear and bull markets.
We have lost Charles but his thoughts, strategies and lessons are preserved in this book. It’s a must buy for all investors, young, old, rich or poor.
I recommend it.