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Growth Ahead for M&A Activity?

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  • Description

    Palcap Co-CIO Dan Veru on the potential growth in M&A activity.

  • Duration 3:26
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-- several weeks of losses capped off by a huge upside week last week should you get in now or perhaps wait for an entry point.

That might be just a little bit better our next guest says were in for -- a bumpy ride this year but with an upward trend.

In a certain part of the way the market's move.

Really could work to your damaged dam through with the executive vice president co chief investment officer how cap.

Joining us for the last hour of trading I am witness to -- stock picking acumen over the years you've got -- grown grown grown.

Now -- 83 point eight billion in assets under management.

Up about the markets we -- see such a big move -- -- -- less -- but it was very scary for people to get in at the start of that considering we've seen several weeks to the downside.

What are you watching that gives you an indication we may continue on this trajectory.

Well you know time resolves a lot of issues to we went through this long somebody elongated period where the markets -- and -- downward drift.

You -- bad news is bad news and good news was bad news during that period of time and then I think it all circled around Greece and that resolution that that is.

Maybe that too important and too big to fail but too important to -- to be for it to fail because it really causes tremendous long term ramifications for the Euro.

We look at what's happening in the markets right now and it appears that things are still looking inexpensive meaning UC bigger companies swallowing up smaller medium sized companies.

-- mergers and acquisitions.

Do you see enough of that -- tells you this could really juice at least some names out there.

And I think this -- under reported because a lot of the deals that are happening.

With one actually happening today a little company called Immucor that a two billion dollar market cap company.

Being acquired by Texas Pacific group had a nice premium to its previous day's close those -- the types of deals that are happening every single -- they don't -- widely reported because the big deals or what garner early attention but.

There's this wave that's going on of strategic buyers making acquisitions and in this case financial sponsor.

You know to iron Oregon and investor capitalize on that when you have no idea if blood for example let's ticker symbol of of the new -- -- -- At that somehow they're gonna get picked up by private equity group yes I don't make the bets on.

Is that we don't go in thinking that our companies are going to be acquired but we do do is focus on those companies that have a leadership position in the respective niches that they address and by doing that.

Those are the companies that tend to be on the short list for bigger companies to acquire and that's the environment we're in right.

It has been a tough past couple of weeks even you were last year may eleventh let's look at some of the picks that you made and among them saying -- medical down about 7%.

Global market staff over the past amount of time same thing psychic Syngenta.

Down not up -- on a percent you could call that flat.

And then you had Manitowoc down more than 8% Manitowoc of course mixed gigantic cranes and heavy equipment there.

Do you continue to buy these names as they come down in price at.

Absolutely in the case of Manitowoc it's still the leader that it was and all the various areas that they focus on.

Saint -- remains the leader and probably is a takeover came candidate over some period of time for a bigger competitor to buy them.

Syngenta is a great way to -- some of the food commodity inflation that we're starting to see.

As they make a lot of the important.

Products that go into growing those those commodity.

Fancy fertilizer all right you know what you're coming up at some stock picks but we've got some breaking.

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