Tuesday, May 28, 2013

Sold ICU Medical, Inc

The strength in this rally amazes me. Everything seems to be working, which tends to get me a bit nervous. I took some profits in ICU Medical, Inc. (Ticker: ICUI) today at $71.00 generating a net gain of 3.57% over an 8 day period (160% annualized return). We still have a several months to go before anything materializes with the buyout process. I also wanted to reduce my risk level just a bit here...


At May 28, 2013, Anonymous S. B. said...

The fact that "everything is working" is also making me nervous. When this rally started a few years ago, it was focused on strong earnings reports. Now, anything and everything goes up every month.

At May 29, 2013, Blogger Money Turtle said...

Also margin debt at all time high is also a worrying sign.

At June 07, 2013, Anonymous Anonymous said...


News out from reuters on ICUI. It seems a little early in the process for 2nd round bids but I guess thats OK. Whats your take on Carefusion as the best buyer?




At June 07, 2013, Blogger Money Turtle said...

I just saw the news as well. I added back my position in ICUI at ~ $71.55. I believe Care Fusion would be a nice fit and I wouldn't count out Hospira. I actually believe Hospira would be the best candidate for ICUI.


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