Monday, January 24, 2011

Genoptix = Done Deal

It’s a little bit of merger Monday today as Genoptix, Inc. (Ticker: GXDX) will be acquired by Novartis (Ticker: NVS) for $470 million or $25 per share in cash. I definitely did not expect a deal to happen this fast, but I’ll take a 19% return (162% annualized) any time. I didn’t have quite the conviction to back up the truck on this one, but I can’t complain. I’ll most likely sell my position today.


I sold my position in Genoptix, Inc. at $24.85 per share generating a 18.33% gain (157% annualized).


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