Inside Arbitrage Friday Wrap – A Challenging Year Comes To An End

  • December 30, 2022

FRIDAY WRAP

Our list of curated tweets for the current week
Happy Holidays and Happy New Year from the Inside Arbitrage Team

 

Special Situations

FNE (Chile) approves the acquisition of Activision Blizzard by Microsoft Corporation (No Concessions)


Canada’s merger court rules in favor of Rogers and Shaw in an antitrust case, clearing one of the final hurdles to the union of two of the country’s largest telecommunications firms


On $FSTX, no one should be surprised. This is the only American policy that is independent of party politics.


#CFIUS notified F-Star $FSTX and #merging parties (Sino Bio) on Dec 28 it would take action if the companies closed their pending


Sitio Royalties, Brigham $MNRL Announce Completion Of Merger


C-Suite Transitions – Under Armour $UA $UAA Attempts A Turnaround After A Lost Decade


A quick reminder ... Elliott disclosed a new 10m share stake in $CLVT during Q3


There’re roughly 50% less publicly traded firms in the US vs the late 90’s - & roughly 40-45% decline in shares outstanding (massive buybacks)


Baker's share repurchase authorization is currently at $4 billion, double the repurchase program announced in July 2021.


$RAMP LiveRamp Increases Share Repurchase Authorization by $100 Million to $1.1 Billion


Investing

Where Are the Customers’ Yachts?” is one of the best investing books of all time because we can see that nothing ever actually changes.


I tend to be more of a bottoms up analyst but 2023 should prove to be a year of a battle of two narratives.


company performance versus '24 and beyond. I don't think camping out in the last decade's darlings


I once tried to separate Buffett's raw returns as a stock picker from his levered returns using insurance float for the period of '82-'96.


Congrats if you are not down 20-35% this year. I have been doing this for 3.5 decades.


2022 is the worst year ever for stocks and bonds since 1871


What a year 2022 has been for the mega caps


Tesla shares have lost 69% in 2022 through Tuesday, making it the worst performer among major companies in the S&P 500.


Elon Musk's takeover of $TWTR, possibly, had very little to do with any of these stocks falling sharply. Or Bitcoin, or NFTs, or SPACs.


Instacart valuation down 75%, insane this got to $39B


Office REITS (red) are still BELOW their March 2020 COVID lows and way behind all REITS (green) and the SPX (blue).


There are new income limits for opening and funding a Roth IRA


Jump in home sellers switching their listings to rentals.


Ken Langone buying Handy Dan stock: "Father, I'm not messing with God. You keep your stock."