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While Washington Stews, You Can Cash In on the Biggest "Tax-Inversion" Deal in History

Back in June 2012, we recommended that you pick up shares of Big Pharma player Abbott Laboratories Inc. (NYSE: ABT). The reason: Abbott was planning to split in two at the end of the year, meaning folks who took our advice would end up with stakes in two companies for the price of one.

There was more than bargain-basement thinking at work here.

You see, these corporate breakups – known as spin-offs – have a habit of turning into market-beating profit plays. And the newly minted spin-off firms often end up as takeover fodder – also at big profits.

Abbott followed part of that blueprint.

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    Stocks to Buy: Intercept Pharma (Nasdaq: ICPT) Ready to Double

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    Usually the best stocks to buy have not already tripled in value within the past six months.

    But then there's Intercept Pharmaceuticals Inc. (Nasdaq: ICPT).

    This biotech stock soared more than 500% in two days on the news its innovative and promising hepatitis drug obeticholic acid, or OCA, had a trial stopped early because the drug met the goals of the study.

    Bulls have refused to be distracted by some negative news that has pushed the stock back under $300 in the meantime.


    The crazy thing is, Intercept Pharma could actually double from here...
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