We are excited to release two new features related to the strategies of Merger Arbitrage and Stock Buybacks. These features went live last Friday and it looks like some of you have already discovered them. Both these features were developed based on feedback from premium subscribers like you, so please keep your requests coming and we will try to accommodate them as best as possible.
Stock Buyback Announcements
We have built a new feature that lets you review a list of stock buyback announcements including both new announcements as well as announcements where the company is adding to an existing buyback plan. This feature differs from the stock buybacks list, which shows you the companies with the largest completed buybacks (the cannibals) based on percentage of shares outstanding. We use quarterly and annual reports filed with the SEC to compute the list of cannibals. The buyback announcements are based on what is reported by the companies and not all buyback announcements translate into actual buybacks.