Project Description

Sell Envista (DHR/NVST share exchange)

December 19, 2019

DHR: $150.74

NVST: $28.66

Summary

I just received my shares of Envista (NVST) in my Schwab account. A subscriber informed me yesterday that he received his NVST shares through his TDAmeritrade account

As such, I’m closing this trade recommendation.

Initial recommendation was to buy 99 shares of DHR at a price of $141.43 and a total cost of $14,002. I’m recommending selling the 552 shares received of NVST in the exchange offer at $28.66 for total proceeds of $1,819 in proceeds and a 13.0% return (see math below).

Special shout out to Low Tide Investments for flagging this idea!

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Disclosure

Rich Howe, owner of Stock Spin-off Investing (“SSOI”), currently is long NVST, but is planning to sell shortly. All expressions of opinion are subject to change without notice. This article is provided for informational purposes. Please do your own due diligence and consult with an investment adviser before buying or selling any stock mentioned on www.stockspinoffinvesting.com.