165: Michael Samuels – Speculating on Mergers—and a Case of “Excessive” Due Diligence

Chat With Traders

Tessa Dao

Education, Business, Investing

4.9 • 2.3K Ratings

🗓️ 10 September 2018

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

I was introduced to this weeks guest by an experienced trader and fund manager, who described him as being "hands down the best trader I know..." Michael Samuels is an equities trader, who once traded for First New York and Apex Capital, he now trades his own money under the banner of Broome Street Capital. Michael describes himself as being an 'event driven trader' with a primary focus on news flow surrounding mergers and acquisitions, shareholder activism and fundamentals—to seek out valuation disconnects. During this episode you'll hear about merger-arb strategies (including examples), what happens during takeovers, a case of "excessive" due diligence, mistakes made and lessons learned during Michael's career, plus plenty more. You should also note, Michael has recently begun hosting a podcast about M&A activity and the journalists who report on significant company news: According To Sources Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0	Chat with traders is brought to you by Trade the Pool.
0:03.6	Is a lack of buying power, capital, or fear of losing your own money, preventing you from
0:08.8	taking your trading to the next level?
0:11.0	Trade the Pool is an online stock trading prop firm that funds stock traders.
0:16.3	You show them your skills, trade their capital, and keep your profits.
0:20.8	You can trade any stock or ETF in the US markets.
0:23.5	The process is simple.
0:24.8	Pay for an evaluation fee, pass the evaluation, and get funded.
0:29.0	Visit tradethepool.com-forge-chat to learn more.
0:35.7	Chat with traders is also brought to you by the Chat with traders' community.
0:39.5	We'll keep this announcement short.
0:41.2	We just want you to visit chatwithtraders.com-community to learn more about what our community is all about.
0:47.5	Thank you, and we wish you all the best in your trading journey.
0:54.1	The market's speculation and risk.
0:56.9	This is the Chat with traders' podcast hosted by Aaron Feifield.
1:03.2	What's up boys and girls?
1:04.7	Welcome right now you're listening to episode 165 of Chat with traders.
1:10.7	I hope you're doing fantastic, and I hope you're about to enjoy this episode with my guest
1:16.4	who is an equities and also to a lesser extent, I believe, an equity options trader.
1:23.7	Michael Samuels.
1:25.7	So I was actually introduced to Michael by an experienced trader and a fund manager who
1:32.0	described Michael as being, hands down the best trader I know.
	...

Transcript will be available on the free plan in -2393 days. Upgrade to see the full transcript now.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Tessa Dao, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Tessa Dao and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.