We’ve had one of the most unusual years in history with raging wildfires scorching large swaths of the West, icy weather knocking off the power grid in Texas and extreme storms plunging parts of Louisiana in darkness. All of this...Only ...
M&A activity has been red hot in the United States with deals worth nearly $800 billion announced this year and several deals receiving competing bids that pushed up the value of the deal much to the delight of arbitrageurs. There...Only ...
Through much of the month of June, as I looked at various investment opportunities, the one thing that stood out was just how well companies were performing despite the pandemic and in some instances because of the pandemic. On a...Only ...
2021 is turning into a year of records. We have had a record number of IPOs this year (including SPACs, regular IPOs and direct listings) with 496 IPOs in the first five months of this year compared to 480 IPOs...Only ...
The advance estimate for first quarter 2021 GDP was released a couple of days ago and points to strong growth of 6.4%, which puts us almost back to pre- pandemic levels. Not adjusting for inflation, “current-dollar GDP” registered … Please...Only ...
SPAC IPOs hit another record in March 2021 with 111 new SPACs formed during the month compared to the previous record of 96 IPOs in February. To put this in perspective, we had only 3 SPAC IPOs last March and…...Only ...
The last year has been an unusual time to be an investor in public markets. We experienced a lot of risk and, if positioned correctly, significant rewards against a backdrop of a raging pandemic, riots, wildfires and … Please check...Only ...
The stimulus fueled bubble we discussed in our January 2021 Special Situations newsletter shifted its focus from cryptocurrencies, alternative energy companies and high growth stocks to find a new target in traditional brick and mortar retailers. Traditional retailers that had...Only ...
Happy New Year. The year that we just left behind defied all expectations in myriad ways. Western economies were not expecting nor were prepared for a global pandemic that came back even stronger in a second wave this Fall and...Only ...
With fears of a tumultuous U.S. elections subsiding and very positive data on the vaccine front from both Pfizer and Moderna, the market rallied strongly in November with all three main indices notching double digit gains. Please check out the...Only ...