The Extraordinary Share Performance of Shell Companies

Thanks to The Manual of Ideas and Greenbackd for this link.

Here is some research that shows that shell companies have a 48.1% 3-month abnormal return after a reverse takeover is consummated:

October 2009 — Empirical Finance Newsletter on The Stock Price Performance of Shell Companies


Note: The above is not a recommendation nor a solicitation to purchase securities.

SG

Study on the merits of value investing

Here is a great research study on the merits of value investing. We've all heard that it outperforms in the long run, and there are numerous arguments that try to contradict this thesis. This study proves that value investing is a strategy that can be used to earn excess returns.

The study also shows that small caps outperform the others, which is a great area for individual investors as many large institutions are unable, due to regulations or asset size, to invest in them.


Tweedy, Browne Study

SG