William (Bill) Patalon III is the Executive Editor and Senior Research Analyst for Money Morning. Before he moved into the investment-research business in December 2005, Bill spent 22 years as a journalist, most of it covering financial news as a reporter, columnist, and editor that included stints withGannett Co. Inc., and The Baltimore Sun.
Today Bill is the creator and editor of Private Briefing. With his latest project, he takes you "behind the scenes" of his established investment news website for a closer look at the action. Members get all the expert analysis and exclusive scoops he can't publish... and some of the most valuable picks that turn up in Bill's closed-door sessions with editors and experts.
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Wall Street types would say we’ve been in a “period of low issuance” for IPOs.
Back in March, I put it much more strongly when I said the market was “downright lousy” for investors looking to grab these often-lucrative opportunities.
In fact, I took it further, saying the “IPO window” had been “shut… and locked and bricked over.”
But… in that same issue, I made a prediction that we were about to see IPOs come back around in a big way.
The gains we’ve seen in the fund I’m going to show you speak for themselves, but we got even stronger confirmation of that predicted surge this week, when iconic American snack food maker Hostess Brands announced a $2.3 billion issue hitting the Street this quarter.
My favorite IPO play has all the sizzle of that market, but with some of the risk squeezed out. And right now, it’s going for an unbelievably low price…
That’s just what has happened, so here’s the single best way to play it… without all the risk.
Tags: Stocks
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