DNKN: +26% in 3 weeks – Alpha Insights
Opportunities also lie with everyday brands you encounter in your neighborhood. Jeffrey Huge, Alpha Insights: “People sell for a lot of reasons, but they only buy for one. When a stock is making persistent new 52-week highs day after day, it’s informative. In the case of Dunkin’ Brands, it was knowledge of a potential buyout offer. Upon reading the news of a possible $105/share private equity bid just three weeks later, we saw an opportunity to exit the trade at what turned out to be 97.5% of the maximum upside potential, with 100% certainty of a very nice profit.”
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