CNX first came across the desk last summer when Andrew Walker wrote about the name. The small introduction made me curious. This Nat Gas operator didn’t care for the highs and lows in the O&G space and opted for a hedging strategy to try and make the cash flows as predictable as possible. They sought
Creative Realities (CREX) – Potential Takeover While the stock is already 46% up since my initial pitch, the case has some further potential. Digital signage hardware and software provider Creative Realities received and rejected 3 takeover proposals from a major long-term shareholder and debt holder Pegasus Capital due to undervaluation. Shares now trade 20 cents
Barron’s reached out to Jim Osman, founder of research firm the Edge, which identifies opportunities in special situations, including spinoffs, mergers, management changes, and shareholder activism. Spinoffs, in particular, have been fertile ground in the past. Osman has been tracking them for 20-plus years and found that companies involved in spinoffs beat the market in
Of all sectors, big tech hasn’t succumbed to breaking itself up as it chose to get larger and larger. With size come problems. (sic) Tech companies are facing multiple challenges as they grow in different phases: Meta is rolling out its roadmap for handsets and wearables through 2027; TikTok is facing regulatory scrutiny from the
Today’s letter is the transcript of an interview with Jonathon Pollock conducted by 13D Monitor for their magazine The Activist Report. In this interview, Jon discusses Elliot’s approach to and process for activist investing, opportunities in tech, getting board representation, engaging international companies, buying out companies, and more… 13DM: You oversee Elliott’s $26 billion portfolio.
On April 11, 2023, National Cinemedia, LLC filed for Chapter 11 bankruptcy protection. You can find the bankruptcy docket with all the filings here. I wrote about the company back in 2020 and while the thesis didn’t play out at all, the writeup should give you good overview of the business… While I haven’t explicitly