Definition: A poison pill is a way to make a company less attractive to a hostile buyer. This prevents hostile takeovers and changes in management.
Advice: Common types of poison pills include the following:
1.) The right for existing shareholders to buy shares at a discount (dilutes the acquirer) 2.) Granting more voting rights to existing shareholders. 3.) Companies may issue lots of debt or preferred stock to make themselves less attractive.
Definition: The sell-side of Wall Street are the investment banks and brokers. They produce research that is then disseminated to their clients.Advice: Sell-side research is burdened by conflicts of interest and you should take it with a grain of salt.