Joel Greenblatt on Special Situations: In-Depth Class Notes

[indythinker85]

Hope wasnt posted yet; can't get enough of Greenblatt. Really wish he still spoke more about special situations as opposed to Magic Formula. http://www.valuewalk.com/2013/08/joel-greenblatt-special-situations/

[LC]

Thank you indy!

[Palantir]

Thank you!

[LanceSanity]

The full notes are on csinvesting, 2 semesters of his class. He also has the video lectures.

[indythinker85]

Thanks I thought they were on CSinvesting but couldnt find a link do you have one to the notes and the videos?

[Lotsofcoke]

Thanks I thought they were on CSinvesting but couldnt find a link do you have one to the notes and the videos?

 

http://csinvesting.org/wp-content/uploads/2013/08/Complete-notes-on-Special-Sit-Class-Joel-Greenblatt.doc

 

[indythinker85]

Awesome, thank you!!! Does anyone know by any chance where these videos are (so one mention CS has them) am extremely interested in them

[Lotsofcoke]

Awesome, thank you!!! Does anyone know by any chance where these videos are (so one mention CS has them) am extremely interested in them

 

 

http://www.valuewalk.com/2013/02/joel-greenblatt-class-lectures-and-videos/

 

[indythinker85]

Thanks so much

[Beutty]

Thanks for posting! Did anyone have trouble watching the first (maybe others as well) video? I found the garbled audio basically made him inaudible.

[Pondside47]

It seems the videos have disappeared. Any idea where else to find them? Thank you.

[Patmo]

A special situation that I like right now (altough mr. Greenblatt may not approve since it's merger arbitrage) is GNW. At the time of announcement of the sale of its business, the market valued its operations at $5.50 per share (and on an upward trend). But the company announced a sale at $5.25 - below the market value at the time. The share price cratered pretty hard to create a synthetic spread. The company's operations improved drastically in the past couple quarters, since the original announcement, which has also not been reflected in the share price.

 

So you flip a coin where you earn a 60% spread if the merger ends up closing, or about as much if it doesn't and the market value rerates back to what it was (possibly more, given the improvement in results). Nobody wants to touch it because it's a big huge insurance black box with tons of moving parts, and they are selling to a Chinese company to boot. Thing is, the market already told you what it is willing pay for the business without a merger in place, and that is your downside...

 

You can be a stock market genius was by far my favorite book on investing, and I wish he'd put out more books of his battle stories.