Jump to content

oplia

Member
  • Posts

    43
  • Joined

  • Last visited

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

oplia's Achievements

Newbie

Newbie (1/14)

  • Dedicated
  • Week One Done
  • One Month Later
  • One Year In

Recent Badges

0

Reputation

  1. I am guessing many from the board have participated in the latest split-offs MCK/CHNG and ECL/APY - the former turned out disastrously while the latter was very fruitful for the unhedged positions. Hedged trades did relatively well on both. So we did some historical analysis on pay-offs from various split-off trading strategies - the timing of the position entry as well as hedged vs unhedged. It turns out unhedged trades have generated 2x higher returns on average. Starting the trade right after the announcement delivered slightly higher profits than waiting for the final exchange ratio to be determined. Full article here: https://www.specialsituationinvestments.com/2020/06/analysis-of-different-split-off-trading-strategies/ Note for admins/moderators: the link above is to my own website, so if this is considered advertising, feel free to take down the whole post. However, the linked article is freely accessible and I think CoB&F readers would find it useful.
  2. $BWP worked out great! +14% on straight equity and multibagger with options. Full arbitrage write-up: https://www.specialsituationinvestments.com/2018/06/boardwalk-pipeline-partners-bwp-unit-buyout-14-upside/
  3. Winners of May Contest have been announced: https://www.specialsituationinvestments.com/2018/06/vote-for-member-idea-of-the-month-may-edition/
  4. I posted the above few days ago. Today's news RCII agreed to be acquired for $15/share - much more favorable outcome than expected.
  5. RCII management initially rejects Vintage improved offer, but then after Vintage makes the offer public, RCII starts considering it. Bizarre situation. http://investor.rentacenter.com/phoenix.zhtml?c=90764&p=irol-newsArticle&ID=2353942 http://investor.rentacenter.com/phoenix.zhtml?c=90764&p=irol-newsArticle&ID=2354323
  6. RCII trades at 12% spread to acquisition offer. Rejection by the board would indicate BoD's (controlled by activist investor) conviction in turnaround and far higher valuation. So hard to see reasons for such spread to exists. More detailed discussion here: https://www.specialsituationinvestments.com/2018/02/rent-a-center-rcii-expected-acquisition-60-upside/
  7. Winners of April contest announced: The second iteration of the monthly contest to win $1,000 is over and I am happy to announce the winners. A total of 6 special situation write-ups have been submitted for the April contest – and all of the transactions are still pending. Majority of member votes were again split between two opportunities – Reckon business sale (shared by Hugh) and General Growth Properties merger arbitrage (shared by Michael), with former taking a slight lead. Congratulations to both! As during the last month price pool will be split $600 and $400 between the two. I will contact authors to arrange the payments. May month contest to win $1,000 is now on, and we already have 4 submissions. So please share any interesting special situation trades you have up your sleeve. April Winners: <a href="https://www.specialsituationinvestments.com/2018/04/reckon-rkn-ax-business-sale-40-upside/">Reckon (RKN.AX) – Business Sale – 40% upside</a> Business division is to be sold for a price equivalent to current enterprise value meaning that investors would be receiving the remaining business (half of current revenues) for free. Regulatory approval of the division sale seems to be the key obstacle as regulators already expressed preliminary skepticism on the transaction. Info from regulators is expected by the end of May / beginning of June. <a href="https://www.specialsituationinvestments.com/2018/04/general-growth-properties-ggp-merger-arbitrage-7-6-upside/">General Growth Properties (GGP) – Merger Arbitrage – 7.6% upside</a> Stock and cash merger arbitrage between General Growth Properties and Brookfield Property Partners with 7.5% spread at the time of posting. BPY already owns 34% of GGP and is buying the remaining stake. The spread still stands at 7%.
  8. I have launched Special Situations contest on my site with $1,000 prize every month. If you have any actionable opportunities up your sleeve you are welcome to share these. Contest announcement and rules can be found here: https://www.specialsituationinvestments.com/2018/03/new-contest-win-1000-every-month-for-sharing-investment-idea-2/ And March winners in here (April winners are currently being voted on): https://www.specialsituationinvestments.com/2018/04/vote-for-member-idea-of-the-month-1000-prize/ To be upfront, this is a paid membership site. But my aim with this post (and my site in general) is to build community of contributors/investors interested in Special Situations rather than get new paying members. Thus, if anyone is interested to browse the full site free of charge, you are more than welcome - just sign up and then e-mail me (info@specialsituationinvestments.com) saying that you are from CoB&F and I will promptly issue a refund.
  9. Another one you might be interested in http://www.specialopportunitiesfundinc.com/index.html. Check out their investor reports.
  10. I would recommend my services on www.specialsituationinvestments.com, the last couple of years have been extreemly profitable.
×
×
  • Create New...