LIVE: Return to the Magazine Cover Indicator
Seventeen years ago, AOL purchased Time Warner in what was then the largest merger in corporate history. The announcement was accompanied by front page stories in Time, BusinessWeek, Newsweek and others.
Hoenig: The Magazine Cover Indicator and AOL? (January, 2000)
Not long after, shares of both firms fell dramatically. The deal is now known as “the biggest M&A mistake in history.”
As the dominance of print has faded, Hoenig has developed alternatives to the Magazine Cover Indicator as reliable contrarian signs. The Simpsons Indicator, explained in a recent #Capitalistpig LIVE, has been a profitable signal ever since.
Enjoy this limited encore replay of our LIVE Saturday Morning show.