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home / news releases / WDR - Waddell & Reed: Enough Is Enough

WDR - Waddell & Reed: Enough Is Enough

Waddell & Reed Financial Inc.
  • In October there were rumors Waddell & Reed could be acquired by JPMorgan.
  • Waddell & Reed had been associated with prior rumors but there were sufficient signs something could be going on, and I advocated for a long position.
  • Not in the least place because Waddell & Reed, given its balance sheet, had an attractive profile for a strategic acquirer.
  • The initial strong market reaction also played a role as it indicated there were definitely people betting on a tie-up making a lot of sense.

For further details see:

Waddell & Reed: Enough Is Enough
Stock Information
Company Name: Waddell & Reed Financial Inc.
Stock Symbol: WDR
Market: NYSE
Website: waddell.com
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