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Famed investor Warren Buffett once said, “It’s only when the tide goes out that you learn who has been swimming naked.”
In other words: An investment may appear promising up to a point. If the company you invested in is too leveraged and the tide turns, everything becomes exposed. And the investment gets spoiled.
Tim Melvin has never been caught swimming naked.
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What Happened: Melvin has been in the finance industry for more than 30 years. He focuses on a little-known strategy in the equities market, which has yielded him an incredible amount of winning trades. Here’s what he does:
Why It Matters: Melvin has closed 67 trades — according to his website — and never lost a dime.
Most recently, Melvin had a focus on Peoples Bancorp Inc. (NASDAQ:PEBO) and Limestone Bancorp, Inc. (NASDAQ:LMST).
Adding another win to his strategy, shares of Limestone jumped 30.79% over the last five days as the company announced it would be acquired by Peoples Bancorp in a transaction valued at approximately $208.2 million.
“The proposed deal price we will have a total return on our shares of about 33% annually,” Melvin wrote in his newsletter.
Follow Melvin’s trades, and check out his newsletter.
Photo by Lopez Robin on Unsplash