Do You Invest in Special Situations?
I focus on event-driven trades and low risk arbitrage opportunities with short term catalysts
The First Bid Is Rarely the Last
A highly asymmetric setup: meaningful upside if the buyer returns, limited downside if it doesn’t.
Quick Pitch: Harte Hanks (HHS)
Merger arbitrage: 17% spread (at $4.20)
A Take-Private Spread That Doubled on No News
The spread is wide, and this could be a pretty timely setup.
Yet Another Odd-Lot Tender Offer
Easy spread, with minimal cancellation or amendment risk.
Guest Pitch: LivePerson (LPSN)
Merger arbitrage: 18% upside (at $2.82/share)
Buying the Buyer, Not the Target
The parent will trade at a ridiculously low valuation once it takes its cash cow subsidiary private at a steal of a price.
Royalty Shell at 50% Discount to Asset Value
Strategic review is ongoing, messy accounting hides the actual profitability.
A Bid Is on the Table yet the Discount Is Still Wide
Comparable transactions and peer marks point to the bid landing above the current price.
Wide Spread and a Possible Bidding War
The offer was already raised once.
Spread Widened Sharply after Recent Price Drop
Same buyout, second entry point.
Any insights into the recent stock price decline
Tom on Sep 14, 2026