Overseas Shipping Group (OSG) – Expected Better Offer – 50%+ Upside
Offer Price: $2.68
Expected Offer Price: $4.00+ (current offer is $3.00/share)
Upside: 50%
Expiration Date: TBD
Author Archives: dt
Sohu (SOHU) – Net Net – 45% Upside
Current Price: $20.00
Target Price: $29.00
Upside: 45%
Expiration Date: TBD
Performance – June 2021
Our tracking portfolio generated 9.5% return during June 2021 and 46% year-to-date. A detailed performance breakdown is provided below.
AMC Entertainment (AMC) – Options Trade – 100% Upside
Current Price: $7.6
Expected Price: $0
Upside: 100%
Expected Closing: 18 June 2021
Harvest Capital Credit (HCAP) – Merger Arbitrage – 14% Upside
Current Price: $9.05
Offer Price: $10.30
Upside: 14%
Expected Closing: Q2 2021
Inner Spirit Holdings (ISH.CN) – Merger Arbitrage – 12% Upside
Current Price: C$0.33
Offer Price: C$0.37
Upside: 12%
Expiration date: early Q3 2021
Box (BOX) – Expected Tender Offer – Upside TBD
Current Price: $20.74
Offer Price: TBD
Upside: 10%+ (expected)
Expiration date: May 2021
Performance – April 2021
Our tracking portfolio generated 6% return during the month and 32% year-to-date. A detailed performance breakdown is provided below.
Bingo Industries (BIN.AX) – Merger Arbitrage – 8% Upside
Current Price: A$3.24
Offer Price: A$3.50
Upside: 8%
Expected Closing: TBD
KushCo Holdings (KSHB) – Merger Arbitrage – 10% Upside
Current Price: $1.14
Offer Price: $1.26
Upside: 10%
Expected Closing: late Q2/early Q3 2021
Sequential Brands (SQBG) – Expected Company Sale – Multi-bagger Upside
Current Price: $25.82
Target Price: $200 (speculative)
Upside: 670% (speculative)
Expiration date: TBD
McPherson’s (MCP.AX) – Expected Higher Bid – 20% Upside
Current Price: A$1.43
Target Price: A$1.71
Upside: 20%
Expected Closing: May 2021
Performance – February 2021
During February 2021 we’ve posted 11 new ideas
Palomar Holdings (PLMR) – Short on Earnings – 40% Upside
Current Price: $111.82
Target Price: $100
Upside: 10% (+40% eventually realized)
Expiration Date: 16th-17th February 2021
White Mountains Insurance (WTM) – Valuation Gap – 30% Upside
Current Price: $1080
Target Price: $1400
Upside: 30%
Expiration date: H1 2021