On stocks and the Sugarhill Gang…

Here at footnoted, we don’t normally beat our chests about our stock picking prowess. There’s literally countless places online where you can read about some genius who makes incredibly fantastic trades day after day. Still, when we were going over some numbers for the first quarter, we couldn’t help but notice that one of the recommendations we had made to FootnotedPro subscribers was up nearly 80% since we wrote about it. What’s this have to do with the Sugarhill Gang? For some reason, I haven’t been able to get a line from the classic Rapper’s Delight out of my mind: “We don’t mean to brag, we don’t mean to boast, but we like hot butter on our breakfast toast”

On Jan. 30, I suggested taking a closer look at Skyworks Solutions (SWKS), because based on some of the signs that we’ve identified in the filings, the company appeared to be readying itself for a takeover. While no merger partner has surfaced — it’s a pretty dreadful market for most deal-making — the stock significantly outperformed all of the major indexes during the same time period. In the interest of full disclosure, we also thought there were similar signs of pre-merger activity at Coherent (COHR). That stock is down about 5.5% since that Jan. 30 post on FootnotedPro.

Speaking of numbers, I wanted to thank all of the footnoted readers who responded to my request to help support the site in the midst of a sharp downturn in advertising. While I’ve thanked each one personally, the donations added up to $1,115 — enough to come reasonably close to covering the site’s expenses for the month of March. Thanks to everyone who contributed!

Of course, if advertising continues to lag and donations slow down, I still may decide to put the entire site behind a subscription wall. Reading SEC filings carefully takes time and lots of skill and patience. So if you value content and would like to see it remain free and available to everyone, I hope you’ll consider making a donation, especially if you haven’t done so already. Alternatively, consider subscribing to FootnotedPro. Given the performance, it shouldn’t be that hard of a sell!