Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Exxon and Chevron have announced major acquisitions that will add shareholder value. Both companies are being assaulted by negative stock market reactions. Post announcements, Exxon has fallen 4.2% and Chevron is down 12%. The Rabid Capitalist describes this phenomenon as the contrarian’s dilemma: actions that will create long term value are often met with short term derision. In other words, sometimes the market is trying to tell you something that you should ignore.
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