List of Sh*t Actors In the Public Markets

[Foreign Tuffett]

Perhaps the folks behind OneSpaWorld:  http://yetanothervalueblog.com/2020/06/cruise-ship-pirates-how-osws-management-plundered-their-shareholders.html

 

So he simultaneously believes:

 

a) deal is a bad one and management/board is taking advantage ("plundering") of outside shareholders

 

b) post-COVID, stock should trade at the same multiple it did before everyone learned that management only too happy to screw shareholders in a big way

 

I don't agree with that logic at all. I think that once a management team "opens the kimono" and reveals itself to be excessively self-interested, the stock should trade at a discount to where, all other things being equal, it would otherwise trade. I would actually say that this entire thread is based on this (eminently reasonable IMHO) premise.

 

More generally (and off topic, sorry), I bet the cruise line operators start squeezing these guys as hard as possible whenever contract renewals come up. 152 of 170 ships they serve are from four operators.

 

 

[LongHaul]

Any other stories of Oaktree that people can think of?

 

2 have already been mentioned and there could be more.

[BG2008]

Brookfield - Can't be any nicer

 

https://www.ft.com/content/0a09ef0c-bf72-4680-89b6-e9ad7cd8c048

 

 

[Spekulatius]

Navarro - China deal was off and then on again 10 minutes later. Great insider trading opportunity?