6/5/2017-SINA Corporation (SINA)

Attention, those of you who own SINA Corporation (SINA): SINA has announced a new spin-off of shares for its subsidiary Weibo Corporation (WB). Each owner of SINA will receive one share of WB for every ten shares owned of SINA. On Trade Day, you will want to sell your shares of WB at the market price. Since the proceeds of WB …

5/18/2017-Tidewater Inc. (TDW)

Attention, those of you who own Tidewater Inc. (TDW): TDW has entered bankruptcy. This will likely leave the stock price with little or no value in the future. At this time we recommend selling the shares on next Trade Day and recognizing the loss in the Snider Investment Method®. We recommend these steps to close the TDW position: • Sell …

5/23/2017-Arcelor Mittal S.A. (MT)

Attention, those of you who own Arcelor Mittal S.A. (MT): MT has announced a 1-for-3 reverse stock split effective May 22, 2017. As a result, some alterations need to be made to your Snider Investment Method worksheets. Lattco PRO & Lattco AutoPilot clients: the adjustments have been made for you and should be reflected in your account by next Trade Day. We’re here to …

5/22/2017 – Kate Spade & Co. (KATE)

Attention, those of you who own Kate Spade & Co. (KATE): KATE is the target of an acquisition by Coach Inc. (COH). The proposed acquisition includes a buyout of $18.50 per share for all outstanding shares of KATE. Because of this agreement, you should sell your shares of KATE on Trade Day, and Transmogrify if necessary. If you are able to sell …

5/18/2017-Akorn, Inc. (AKRX)

Attention, those of you who own Akorn, Inc. (AKRX): AKRX is the target of an acquisition by Fresenius Kabi. The proposed acquisition will include a buyout of $34.00 per share for all outstanding shares of AKRX. Because of this proposal, you should sell your shares of AKRX on Trade Day, and Transmogrify if necessary. If you are able to sell your shares above …

5/15/2017 – Energy Transfer Partners (ETP)

Attention, those of you who own Energy Transfer Partners (ETP): ETP has merged with Sunoco Logistics (SXL), and has enacted a 3 for 2 stock split as a result. ETP owners have received 3 shares of the new ETP for every 2 shares owned of the old ETP. For example, if you previously owned 100 shares of the old ETP, …

4/24/2017-Air Methods Corporation (AIRM) ***UPDATE***

Attention, those of you who own Air Methods Corporation (AIRM): the tender offer for AIRM by American Securities, LLC has been completed as of 4/21/2017. The offer was executed at a price of $43.00 per share. If you have not yet sold your shares of AIRM, please note that the shares will be removed from your account in the coming …

4/4/2017-Air Methods Corporation (AIRM)

Attention, those of you who own Air Methods Corporation (AIRM): AIRM is being taken private by American Securities LLC. The acquisition will include the exchange of all outstanding shares of AIRM for $43.00 in cash. Because of this agreement, you should sell your shares of AIRM on Trade Day, and Transmogrify if necessary. If you are able to sell your shares …

3/29/2017-Stone Energy Corporation (SGY)

Attention, those of you who own Stone Energy Corporation (SGY):  SGY has emerged from bankruptcy, and has issued new common shares to its shareholders as part of its reorganization plan. Shareholders who owned the position prior to the petition for bankruptcy are eligible to receive 0.17263 new shares of common stock for each share of the existing stock they owned. …

2/20/2017-Blue Nile Inc. (NILE)

Attention, those of you who own Blue Nile Inc. (NILE):  NILE has been acquired by Bain Capital. The acquisition included a buyout of $40.75 for all outstanding shares of NILE. Because of this transaction, you should Transmogrify your NILE position on Trade Day, if necessary. If the $40.75 buyout amount was above your average cost, there is no need to Transmogrify. We’re here to help! …