This is bound to happen as the next phase of the bull market

The merger wave starts now

Our banker friends are more busy than any other time in the past 3 years. We are hearing more and more chatter about willingness to actually commit to M&A. This is natural in this stage of the economic cycle and equity bull market. We have very high conviction that the M&A wave starts now and it will obviously matter for stock selection. We see a decent chance that this wave morphs into a merger mania tsunami, and then it will matter for the overall market. Stay tuned. And do not short take-out candidates.

The strong case for M&A