Chat With Traders

165: Michael Samuels – Speculating on Mergers—and a Case of “Excessive” Due Diligence

09.10.2018 - By Tessa DaoPlay

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I was introduced to this weeks guest by an experienced trader and fund manager, who described him as being "hands down the best trader I know..."

Michael Samuels is an equities trader, who once traded for First New York and Apex Capital, he now trades his own money under the banner of Broome Street Capital.

Michael describes himself as being an 'event driven trader' with a primary focus on news flow surrounding mergers and acquisitions, shareholder activism and fundamentals—to seek out valuation disconnects.

During this episode you'll hear about merger-arb strategies (including examples), what happens during takeovers, a case of "excessive" due diligence, mistakes made and lessons learned during Michael's career, plus plenty more.

You should also note, Michael has recently begun hosting a podcast about M&A activity and the journalists who report on significant company news: According To Sources

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