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By Mr Martin's own admission, Saks was an opportunistic purchase.
But he has always had an eye for the opportunistic purchase.
A push into more stable, and capital-light, wealth management and retail brokerage was made through the opportunistic purchase of 51% of Smith Barney from Citigroup.
Because Commerzbank is a perennial subject of takeover rumours, this smelled like an opportunistic purchase in the hope of a bid, if not the prelude to a bid by WCM itself.Not so, says Mr Flach: Commerzbank is simply a bargain, trading at below its book value.
Later it gained expertise in ETFs with BlackRock's opportunistic purchase of Barclays Global Investors in 2009 for $13.5 billion.
Its equities and advisory units were sold and it focused on debt markets, before the opportunistic purchase of the U.S. arm of Lehman gave it new strength in equity and advisory, which it has been building out in Europe and Asia.
Similar(54)
It's September 2009, and while most commercial real estate investors remain wary, closely held REIT Summitt Investors is considering making opportunistic purchases.
What lies in store is mostly expected to be more of what has transpired this year: opportunistic purchases by corporations with healthy credit ratings, stock values and cash.
"Early buyers include a mix of businesses buying OneWords for their locations, individuals buying OneWords for personal locations and some opportunistic purchasing of interesting words," CEO Chris Sheldrick tells TechCrunch.
"We know that there's been a reduction in opportunistic purchases of new psychoactive substances, but overall have we gained in terms of social outcomes?" he asked.
Sicilian prosecutor Calogero Ferrara told Reuters last year and Mered and Ermias were opportunistic, purchasing kidnapped migrants from other criminals in Africa.
More suggestions(15)
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