Kiplinger

Making the Most of a Buyout Offer

The ink on my last column hadn't yet dried when the market gods presented a potential answer to my problem. (The problem: no cash in my portfolio, which means no ammunition to take advantage of any buying opportunities that might arise.)

The possible solution came in the form of an announced buyout of one of my holdings, residential development company AV Homes (symbol , $21.50), by, $21.17). But Scottsdale, Ariz.-based Taylor Morrison hasn't made it easy for me. The company's buyout offer gives me three choices to evaluate: Take the payment in cash, receive 60% in cash and 40% in stock, or simply exchange my AV Homes stock for Taylor Morrison shares on a nearly one-for-one basis.

Stai leggendo un'anteprima, registrati per continuare a leggere.

Altro da Kiplinger

Kiplinger3 min letti
Why I Like Ginnie Mae Funds Now
In these unpredictable times, any combination of high safety and fair income should deliver extra value. I continue to extol municipal bonds and investment-grade preferred stock of banks and utilities. But their long durations mean they’re more sensi
Kiplinger3 min lettiPsychology
4 Ways You May Be Sabotaging Your Career Success
We all want to do well on the job, right? But how often do we get ourselves into a real pickle — instead of being thought of as a go to person, it feels like stay away from me is tattooed on your forehead. “Nobody wants to be in that category,” best-
Kiplinger3 min lettiPolitics
Third Stimulus Checks Are One Step Closer to Reality – How Much Will You Get?
The push for a third stimulus check started in December before the second-round of $600 payments were even authorized. So, we've had to wait a couple of months to see how this would all play out. But now, finally, we can clearly see the light at the