Inside Arbitrage Friday Wrap – The FTX Fiasco

  • November 11, 2022


Our list of curated tweets for the current week


Special Situations


Activision Blizzard $ATVI just said in its earnings release that it still expects its deal with Microsoft $MSFT to close in Microsoft's current fiscal year ending June 2023

EU Commission opens in-depth investigation into the proposed acquisition of Activision Blizzard $ATVI by Microsoft $MSFT

Albertsons $ACI announces that the US District Court for the District of Columbia has denied the request by the California, Illinois & District of Columbia AGs for a temporary restraining order

Freedom Mobile sale not enough to offset competition blow if Rogers buys Shaw, tribunal hears

Quick thoughts on $IAA $RBA deal

Wrote about $IAA earlier this year after insider purchases by Peter Kamin

$AUY $GFI $PAAS $AEM - Gold Fields terminates agreement with Yamana Gold following rival deal

Conduit Pharmaceuticals / Murphy Canyon Acquisition $MURF deal overview

Goldman Sachs Has Expressed Interest in Buying a Payments-Technology Firm, Sources Say -- WSJ $CCRD

C-Suite Transitions – CEO Michelle Gass Transitions From Kohl’s $KSS To Levi Strauss $LEVI

This earnings season has seen its share of volatility amid macro uncertainty, yet companies continue to engage in and authorize share repurchase programs.


Johnson & Johnson has been good to shareholders with the below and shareholders won't complain much

TH also announced a $100m share repurchase program

Marriott increases dividend by 33%, increases share repurchase authorization by 25 mln shares

$BLDR "Since August 2021, the Company has repurchased approximately 61.0 million shares of its common stock

Inflation and The Fed

The dollar drops after US inflation report surprised traders with slower growth in prices, driving speculation interest-rate increases will have to be eased

The October inflation report is likely to keep the Fed on track to approve a 50-basis-point interest-rate increase next month


One of the worst years in about a century for the 60/40 portfolio.

Joel Greenblatt compounded at 49% from 1985 to 2005.

And the award for most bearish letter goes to: Paul Singer at Elliott.

Berkshire released its Q3 earnings this morning. Here's what to know...

For the third fiscal quarter of 2023, we expect revenue in the range of $110.7 million to $111.7 million, representing 14% growth at the midpoint

1 year ago Keith said OpenDoor is an appropriate comparison to Carvana.

Opendoor has $8B in revenue. Their market cap has dropped from $19B at their peak to $1B today

Layoffs at Zendesk, Everbridge, NCR this week.

Facebook parent Meta said it would cut more than 11,000 workers, or 13% of its staff, in its first-ever broad restructuring

As a Facebook shareholder, my dream is that Elon Musk acquires TikTok next.

Sam Bankman-Fried and

Sequoia invested in a $420m round in FTX at a $25B valuation in October 2021 and a consortium with Paradigm invested $400M at $32B in January 2022

Sequoia Capital has long been the gold standard of venture capital. Bar none.

Only the Partners understand that you don’t buy $GS. You sell $GS.

Sam Bankman-Fried was supposed to be different than the run-of-the-mill crypto types

As a result of corporate due diligence, as well as the latest news reports regarding mishandled customer funds and alleged US agency investigations, we have decided that we will not pursue the potential acquisition of