Follow The Money

This morning we are seeing another cash takeover in the healthcare space. Sanofi Aventis is buying Chattem for $1.9 billion. The vast majority of the cash takeovers this year have been in the healthcare space and that is where the vast majority of my long exposure is. A big deal was made of energy stocks last week because of the XTO takeover. The deal was all stock and has no net effect.

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