Welcome to another episode of Wall Street Unplugged.
Managing Director at Point View Wealth Management and Wall Street Unplugged all-time favorite, John Petrides, joins the show once again.
Normally, we jump from one sector to another. But today, we’re turning our focus to only one…
Just last week, a surprisingly big acquisition took place in the sector: Private equity firm Sycamore bought out Staples for $10.25 per share… in a deal valued close to $7 billion.
And shares of Staples, which have been on a steady decline for the past decade, finally found some life.
In today’s low interest rate environment, on top of a severely depressed and cheap retail sector, John predicts that this is only the beginning of these takeover deals.
On the show, we each give away our best guesses at which retailer is next. Including one big-box that just might be Jeff Bezos’s next lunch…
You heard it here first.
Links & Resources
- Read this article on the latest big retail acquisition
- Click here to read the entire show transcript! (pdf)
- Listen to my last interview with John: Ep 493: Discover the next trend gurus are betting on
- Stay connected to John on his site – pvwealth.com