Value Investor Bob Olstein Discusses Jana Partners and Petsmart

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Jul 05, 2014

Olstein thinks we are in a merger and aquisition market where low interest rates and strong cash flows are fueling the fire.

Over the past two weeks Olstein's funds have had no fewer than five companies taken out.

The secret sauce in value investing is buying cheap stocks and waiting for some catalyst to realize the true intrinsic value. Right now the M&A market is creating that catalyst in many cases.

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