MCI Accepts Verizon Bid

To the hedge fund and other investment research recruiters who have requested samples of my work, I believe my February 25 forecast that Verizon would likely acquire MCI  stands out as a significant example of the value I offer.  It was the simple application of logic and intuition based on experience. 

From Associated Press reporter Bruce Meyerson:

"MCI Inc. accepted a sweetened $7.64 billion takeover proposal from Verizon Communications Inc. on Tuesday that raises the price tag by $1 billion, but is still nearly a billion dollars shy of the latest bid for the long-distance phone company from Qwest Communications International Inc.

The new offer from Verizon increases the amount of cash being paid and provides protection against a possible decline in the value of the Verizon shares MCI investors will receive, the companies said in a statement."

See also Om Malik's take.

To the regular readers of this blog please forgive me for this blatant self-promotion.  As I have stated, a core reason for my creating this blog is to generate interest among employers looking to hire an experienced, independent thinking investment analyst.  Another is to promote an open source equity research project.

To the cynics who perhaps think in terms of 50-50 odds, I hear you, and I'm on your side.  But experience and logic can help tip the odds in one direction, and that's all the value I'm claiming to bring to the table.