Attractive Stocks Likely to Be Takeover Targets: John Dorfman

Before I became an investment manager 13 years ago, I spent a decade as a reporter at the Wall Street Journal. I had a rival at another newspaper who frequently wrote about takeover rumors.

One day he filed a story saying that Coca-Cola Co. might buy Wendy’s, the fast-food chain. Coca-Cola responded with a statement, which I framed and have held onto all these years. The Atlanta-based soft-drink giant said that its policy was not to comment on such speculation, and that in this case it wanted to add that the reporter “does not have a clue.”