7 Comments
Jun 30, 2023Liked by Carsten Mueller

Neogames is a buyout you might be interested in, but I think it will take a little time and you need some patience I think. Underlying business is good, but if the deal breaks it can fall back a lot. I think the risk of that is low but the market seems to think otherwise, because spread is good.

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Jun 28, 2023Liked by Carsten Mueller

Self-liquidating: APTX similar to SIOX, trades below liquidation midpoint, some asset upside left.

KDNY juicy takeover, market concerned about HZNP / AMGN FTC implications, do not apply in my opinion, CVR not priced in imo

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Jun 27, 2023Liked by Carsten Mueller

I like your idea generation and the Special Situation. Maybe it will be helpful to clarify what you are really looking for in Special Sits (merger arbitrage?, SOTP?, buybacks?, restructring?).

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For "self liquidating" holdings you should give STHO a look - there is a decent VIC writeup on it, as well as a post on Clark Street Value (not really focusing on the self liquidation part, but gives some good background)

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