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...
posted by Money Turtle @ 9:17 AM
4 comments
4 Comments:
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.
Also margin debt at all time high is also a worrying sign.
MT,
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?
http://www.reuters.com/article/2013/06/07/icu-bidders-carefusion-idUSL1N0EJ0X220130607
Regards,
inforesource7
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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