While it's better to be right, experienced investors know better than to throw away a lucky break. My Alpha-Rich call to buy Solta Medical (NASDAQ:SLTM) around $2.30 is not going to go down as one of my favorite picks. While I discussed at some length the risks that ongoing execution issues would keep Solta from reaching its potential, I thought management was close to turning the corner. As it turns out, management found still more corners and this was an exceedingly "meh" pick (down about 8%).
Then along came Valeant (NYSE:VRX) to save the day.
Valeant and Solta Medical announced on Monday that they had reached an agreement whereby Valeant will acquire the company for $2.92...
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