{"id":2473,"date":"2007-10-10T08:22:12","date_gmt":"2007-10-10T08:22:12","guid":{"rendered":"https:\/\/mmm.9dotdigital.ca\/?p=2473"},"modified":"2025-03-27T15:48:31","modified_gmt":"2025-03-27T15:48:31","slug":"is-takeover-activity-reviving","status":"publish","type":"post","link":"https:\/\/mmm.9dotdigital.ca\/?p=2473","title":{"rendered":"Is takeover activity reviving?"},"content":{"rendered":"<p>I am a fan of <a href=\"http:\/\/www.trimtabs.com\/site\/liquidity.php\" target=\"_blank\">Trim Tabs<\/a>, a California-based research firm that compiles and analyses data on equity market flows. Trim Tabs have remained bullish on US stocks partly because of a big pick-up in share buy-backs during the recent correction. This resulted in equity market &ldquo;float&rdquo; &ndash; the number of shares outstanding &ndash; continuing to contract despite a slump in cash takeovers; with supply falling, stock prices were supported. Strong buy-backs also suggested corporate insiders were sanguine about profits and saw value in their shares. <\/p>\n<p>Buy-back announcements often accompany earnings releases so the trend over the forthcoming reporting season should be monitored closely. However, Trim Tabs are now pointing to another potentially bullish development &ndash; a revival in cash takeover bids. The aggregate value of new cash deals surged to $11.8 billion last week &ndash; the highest since July. Normalising credit markets could help to sustain this pick-up, providing fuel for the next leg up in stocks. <\/p>\n<p><span class=\"full-image-float-none\"><img decoding=\"async\" style=\"width: 500px; height: 300px\" alt=\"USCorporateEquityBuying.jpg\" src=\"\/storage\/USCorporateEquityBuying.jpg\" \/><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I am a fan of Trim Tabs, a California-based research firm that compiles and analyses data on equity market flows. Trim Tabs have remained bullish on US stocks partly because of a big pick-up in share buy-backs during the recent correction. This resulted in equity market &ldquo;float&rdquo; &ndash; the number of shares outstanding &ndash; continuing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2473","post","type-post","status-publish","format-standard","hentry","category-money-moves-markets"],"_links":{"self":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2473"}],"version-history":[{"count":1,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2473\/revisions"}],"predecessor-version":[{"id":4782,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=\/wp\/v2\/posts\/2473\/revisions\/4782"}],"wp:attachment":[{"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mmm.9dotdigital.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}