Up 84%?!

Claim some of it for yourself... [Wealthy Retirement]( SPONSORED [5G Could Explode]( [5G Graphic and Stock Boards]( results of the largest 5G spectrum auction in American history are expected to be revealed. Billions of dollars will gush into 5G networks... with many more billions to follow. And one company has the cornerstone technology that could help make the 5G revolution possible. [Get the details now.]( [MARKET TRENDS]( How Eaton Vance Shareholders Are Up 84% Jody Chudley, Contributing Analyst, The Oxford Club [Jody Chudley] Asset manager Eaton Vance (NYSE: EV) has some very happy shareholders these days. Let me show you why... [Chart - Eaton Vance Corp Price Change]( Za-za-za-zoom! Eaton Vance shares are up 84% in the past six months, with almost all of that increase coming in just one day. The catalyst that created this huge share price jump was the announcement that Morgan Stanley (NYSE: [MS]( was [acquiring]( Eaton Vance for nearly $60 per share. That was a huge premium to the $36 share price that Eaton Vance was trading at the day prior. After seeing their shares go nowhere for months, Eaton Vance shareholders were rewarded with several years' worth of stock market returns in the blink of an eye. Congratulations to them! Let's go get some of that for ourselves... SPONSORED [Sick of Losing Money? Sick of Stock Market Guessing Games? LOOK AT THIS]( [Former CBOE trader reveals the ultimate secret]( he learned in the trading pits: how you can win whether a stock goes up or down. So if you're tired of losing money... If you're sick of the guessing games... [This master trader reveals why the Win-Both-Ways Trade is the only way]( you should consider investing from now on. Eaton Vance Isn't the Only Dirt-Cheap Asset Manager This nice win for Eaton Vance shareholders is value investing at its finest. It involves a simple two-step process: Step 1: Buy a stock that you think is trading for far less than the underlying business is actually worth. Step 2: [Wait for a catalyst to arrive]( that drives the stock up to an appropriate (and much higher) valuation. Often, finding undervalued companies is the easier part of the process. The waiting, on the other hand, can be very difficult. That is because there is no guaranteed timeline for when the value-realizing catalyst will arrive, and sometimes a lot of patience is required. I do not believe that Morgan Stanley's purchase of Eaton Vance is going to be the only value-creating takeover in the asset management sector. More are coming because there are several publicly traded asset managers trading for very low valuations. These dirt-cheap asset managers are ripe for being taken over by larger competitors. Consolidation in the asset management industry makes an enormous amount of sense right now. Companies are under pressure to lower fees because of pressure from passively managed index funds. Further, bigger asset managers are able to cut expenses through economies of scale and their larger sales networks help bring in more assets to manage. I am not the only one who thinks asset managers are cheap and that more consolidation is coming. At the start of October, the activist hedge fund Trian Partners announced that it had taken big share positions in asset managers Janus Henderson (NYSE: JHG) and Invesco (NYSE: IVZ). Trian's stake in these companies should be music to these companies' shareholders' ears... In 2019, Trian took a similar large position in the shares of asset manager Legg Mason. Less than a year later, Legg Mason was acquired by Franklin Resources (NYSE: BEN) at a 55% premium to Trian's initial entry price. Trian's influence was key to driving that takeover. Successful activist hedge fund managers like Trian use this strategy frequently. They purchase shares of companies that they believe are undervalued. Then, they push those companies to be sold to competitors at a valuation that is much more appropriate - and higher than what the hedge fund paid. We don't have to speculate on whether Trian is hoping Janus and Invesco will sell to a competitor at a premium. Trian told the market that its exact intention was to push for value-creating takeovers. We can see that in the 13D filings that Trian's management is required to make with the Securities and Exchange Commission when it takes a large position in any stock... Trian intends to engage in discussions with the board and/or management of the company regarding many topics including encouraging them to explore certain strategic combinations with one or more companies in the asset management industry. Trian is essentially using the two-step value investing process that I laid out earlier. The only difference is that an activist hedge fund like Trian isn't willing to patiently wait for a catalyst to arrive. Instead, it creates the catalyst itself by pushing the company to sell itself at a higher price. Shareholders of Invesco and Janus could soon be rewarded. Good investing, Jody P.S. Mergers and acquisitions are some of the most powerful catalysts that send stock prices higher - but they're not the only ones... And one very special catalyst - earnings reports - promises to deliver dramatically in the weeks ahead. So click here to register for Chief Income Strategist Marc Lichtenfeld's free [Blockbuster Earnings Season Kickoff]( and catch some of the most landmark earnings announcements before they happen. You'll be rewarded... The market still has some tricks up its sleeve - be sure you are ready. [Click here to register for the free online event.]( [Leave a Comment]( MORE FROM WEALTHY RETIREMENT [Can This Mall Owner Maintain Its 7.7% Yield?]( [Why the Tide Could Turn for Banks]( [How to Play the Earnings Game]( [Facebook]( [Facebook]( [Twitter]( [Twitter]( [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0A Claim%20some%20of%20it%20for%20yourself... %0D%0A%0D [Email Share](mailto:?subject=A%20great%20piece%20from%20Wealthy%20Retirement...&body=From%20Wealthy%20Retirement:%0D%0A%0D%0A Claim%20some%20of%20it%20for%20yourself... %0D%0A%0D SPONSORED [BIG Real Estate Profits... NONE of the Hassle]( [Businessman Woman Hand Holding Model Home]( Collect real estate income with just $30 to start! No flipping houses, no chasing down rent checks - none of that! It's the easiest way to start collecting real estate income without having to buy a property yourself. Forbes reports that this special type of real estate investment has "a long history of outperforming direct real estate investing." [Click here to discover a BETTER way to get rich from real estate.]( [The Oxford Club]( You are receiving this email because you subscribed to Wealthy Retirement. Wealthy Retirement is published by The Oxford Club. Questions? Check out our [FAQs](. Trying to reach us? [Contact us here.]( Please do not reply to this email as it goes to an unmonitored inbox. [Privacy Policy]( | [Whitelist Wealthy Retirement]( | [Unsubscribe]( © 2020 The Oxford Club, LLC All Rights Reserved The Oxford Club | [105 West Monument Street](#) | [Baltimore, MD 21201](#) North America: [1.800.589.3430](#) | International: [+1.443.353.4334](#) | Fax: [1.410.329.1923](#) [Oxfordclub.com]( The Oxford Club is a financial publisher that does not offer any personal financial advice or advocate the purchase or sale of any security or investment for any specific individual. Members should be aware that although our track record is highly rated by an independent analysis and has been legally reviewed, investment markets have inherent risks and there can be no guarantee of future profits. The stated returns may also include option trades. We expressly forbid our writers from having a financial interest in their own securities recommendations to readers. All of our employees and agents must wait 24 hours after online publication or 72 hours after the mailing of printed-only publications prior to following an initial recommendation. Any investments recommended by The Oxford Club should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company. Protected by copyright laws of the United States and international treaties. The information found on this website may only be used pursuant to the membership or subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of The Oxford Club, 105 W. Monument Street, Baltimore MD 21201.