Monthly Archives: November 2017
CanniMed Therapeutics (CMED) – Merger Arbitrage – 14% upside
Current Price – $20.98
Buyout Price – $24
Upside – 14%
Expiration Date – TBD (currently unsolicited offer only)
Evine Live (EVLV) – Merger Arbitrage – 94% upside
Current Price – $1.37
Buyout offer – $2.66
Upside – 94%
Expiration Date – TBD (currently unsolicited offer only)
Cosan (CZZ) – Tender Offer – up to $100 for odd-lots
Current Price – $8.66
Potential Recovery – $9.23-$9.65
Upside – $100 for odd-lots if priced at the upper limit
Expiration Date – 19th of December 2017
LGL Group (LGL) – Pending Asset Sale – 20% upside
NEW FEATURE – MEMBER IDEAS
First a short foreword. Quite a few of you have shared investment ideas with me, but only a part of them ended up on the site. This was either do to lack of time to investigate them thoroughly or due to my belief that upside was not worth the risk. So usually if I did not take the position, I did not share that idea with the rest of community. Which is a pity, because some of these ideas actually
PENDRELL (PCO) – GOING PRIVATE – $31 upside for odd-lots
Current Price – $6.43
Potential Recovery – $6.73
Upside – $31 for odd-lots
Expiration Date – 30th of November 2017
NEW FEATURE – MEMBER IDEAS
First a short foreword. Quite a few of you have shared investment ideas with me, but only a part of them ended up on the site. This was either do to lack of time to investigate them thoroughly or due to my belief that upside was not worth the risk. So usually if I did not take the position, I did not share that idea with the rest of community. Which is a pity, because some of these ideas actually
Old PSG Wind Down (PSGLQ) – Liquidation – 24%-43% upside
Current Price – $0.42
Offer Price – $0.52-$0.6
Upside – 24% – 43%
Expiration Date – 12th of December, 2017
BlackRock Enhanced Government Fund (EGF) – Odd Lot Tender Offer – $25 return
Current Price – $13.41
Offer Price – $13.69
Upside – 2% or $25 for odd lot holders
Expiration Date – 21st of November, 2017
Fortress Investment Group (FIG) – Merger Arbitrage – 4% upside
Current Price – $7.78
Offer Price – $8.08
Upside – 4%
Expiration Date – 31 Dec, 2017 (might be extended)
Updates (Nov 2017)
Before digging into updates I would like to thank members who are actively contributing with their investment ideas and valuable commentaries. I am very happy with the investor community we have on the site and I am looking forward to further cooperation and dialog.
If you have any interesting special situation ideas or any other suggestions for the site, feel free to reach out at info@specialsituationinvestments.com.