NEW YORK (TheStreet) - On Mad Money, we are always looking for opportunities, particularly when it comes to companies taking their fate into their own hands and the market not recognizing an important transformation. Two companies that are benefiting and can be termed recent "acquisition winners" are Zebra Technologies (ZBRA) whose stock sold off after its acquisition of Motorola (MSI) Enterprise business (though has correctly come back!) and Post Holdings (POST) whose stock has continued to rise on its tuck-in acquisitions.
As for Zebra, on April 15th before the open, the company announced it would acquire MSI's Enterprise Biz for $3.45 billion. Why like Zebra here? This leading global manufacturer of specialty printers, software, supplies and RFID solutions is creating a more complete product and service offering.Remember, Motorola, after hemorrhaging money from 2007-2009, divided into two public companies--Motorola Mobility and Motorola Solutions--in the beginning of 2011. Motorola Mobility (MMI) was bought by Google in August 2011-- and the smartphone portion of this was just sold to Lenovo. Motorola Solutions (MSI) was comprised of Government, Public Safety and Enterprise Mobility Solutions divisions (it sold its networks division to Nokia). This is key, because since MSI was struggling, Zebra in some ways is taking advantage of a strong asset in a difficult situation. And Zebra bought the division known as the barcode division on the cheap versus what Motorola paid for it in 2006 (it was known as Symbol Technologies).
Now, it is true that this area has gotten more competitive in recent years. But there is upside because MSI's Enterprise business is within ZBRA's core competency.