Spinoffs & Takeovers Hotline – Friday, March 8, 2024

BUTTERFLY NETWORK INC., $1.18, symbol BFLY on New York, is a Guilford, Connecticut-based company founded in 2011. It has created a portable, pocket-sized ultrasound device that plugs into a smartphone or tablet.

The Butterfly iQ uses patented, miniaturized computer-chip technology to replace expensive cart-mounted ultrasound devices… Read More

Q: Hi Pat; I am seeking your opinion/advice on an ETF that I am thinking about investing in, for exposure to the so called Magnificent Seven Companies. I usually do not do ETFs only individual stocks, mostly on your input. This may be my exception. What are your thoughts on the Roundhill Magnificent Seven ETF, symbol MAGS on Nasdaq? Thanks.

A: The Roundhill Magnificent Seven ETF, $37.90, symbol MAGS on Nasdaq Units outstanding: 3.9 million; Market cap: $147.8 million; www.roundhillinvestments.com), offers equal weight exposure to the so-called “Magnificent Seven” stocks—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla.

The fund’s MER is 0.29%.

Prior to November 9, 2023,… Read More

Q: I have done well with your recommendations over the years. Can I get your opinion on MSCI Inc.? Thanks.

A: MSCI Inc., $550.42, symbol MSCI on Nasdaq (Shares outstanding: 79.1 million; Market cap: $43.5 billion; www.msci.com) provides investment decision-making tools for its clients to manage their investment processes worldwide.

The company operates through four segments: Index, Analytics, ESG and Climate, and All Other Private Assets.

The… Read More

Q: I’d appreciate your comments on Fastenal. It looks like a good stock. Thanks for all your great recommendations over the years!

A: Fastenal Company, $70.13, symbol FAST on Nasdaq (Shares outstanding: 572.2 million; Market cap: $40.1 billion; www.fastenal.com), is a leading wholesale distributor of industrial and construction supplies. It draws almost all its clients from the construction and manufacturing industries.

Those construction customers include general, electrical, plumbing,… Read More