Do You Invest in Special Situations?
I focus on event-driven trades and low risk arbitrage opportunities with short term catalysts
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.
Potential Takeover with 40% Upside
The optionality on a sale looks close to free, in a business that has been quietly compounding.
A Wide Spread on a Deal That Looks Solid
While the offer is still non-binding, several factors suggest that the spread might be too wide.
Quick Pitch: Docebo (DCBO)
Odd-Lot Tender Offer: $140 upside (at $19.00)
Odd-Lot Tender Offer
Easy spread, with minimal cancellation or amendment risk.
Pending Buyout by a Controlling Shareholder
When one share class prices in a buyout and the other doesn’t.
I use IB. Some accounts might need to set up a specific permission to trade…
dt on Aug 28, 2026