deep value Vistance Networks (NASDAQ: VISN)
Vistance Networks plans a large post-Ruckus-sale dividend, leaving Aurora Networks valued below 4x guided EBITDA after $1.88 billion of…
Substack
Triple S Special Situations Investing
Everything we have picked from this writer, newest first.
deep value 
asia Dong-A Eltek: A Korean Holdco Trading at ₩4,325 That Owns ₩17,780
Dong-A Eltek trades at ₩4,325 against ₩17,780 per share of estimated assets, led by its 47% Sunic System stake and a 76% holding-company…
activism Seer
Seer trades at $2.04 against $3.90 per share of net cash as activists press a board that rejected five buyout proposals and won reelection.
activism Getting Paid 10% for a Ringside Seat at the Braemar Circus with a potential 2x payout
Braemar’s BHR-PB preferred trades near $13 against a $25 liquidation preference, yielding 10% amid hotel sales, a $480 million Ashford…
asset management Euroz Hartleys (ASX: EZL)
Euroz Hartleys will sell Capital Markets to BMO for A$145m and distribute post-tax proceeds, leaving a debt-free A$5bn private wealth…
options Stock Trade Compilation Episode Nueve
UNCY, Humm, Playboy, Alamos Gold, ServiceNow and Vaso feature FDA, governance, licensing and dislocation-driven trades, often expressed…
balance sheets 2 Aussie Stocks About to Hit an Inflection Point in the Coming Weeks
Energy World (ASX: EWC) agreed to sell turbines for US$350 million, potentially leaving about A$0.12 per share in net cash and its…
business models AnaptysBio (ANAB)
AnaptysBio’s Jemperli royalty receipts rise after a Sagard financing obligation ends in 2027.
activism Free Demo of New Special Situations Tool and Stock Trade Compilation Episode Ocho
JRVR trades at 50% of book as Zimmer Partners presses for changes; Monro has launched a strategic review amid Icahn and Gabelli stakes.
energy Frontier Energy (ASX:FHE)
Frontier Energy’s 132 MW solar and 82 MW battery project locks in A$32 million of annual WA capacity revenue through 2032, while federal…
m&a Getty Shutterstock Merger Arb
Getty Images and Shutterstock’s $3.7 billion merger offers SSTK holders cash, stock or blended consideration; the trade favors GETY covered…
energy Stock Trade Compilation Episode Siete
FTW warrants, QURE covered calls and GKP feature in a special-situations trade list spanning PDP oil acquisitions, gene-therapy regulation…
materials My Current Arbitration holdings (in order of size)
GreenX Metals is the largest arbitration holding, with AUD 253 million to AUD 383 million awards against Poland and a copper project.
deep value Weedmaps
WM Technology trades near its $57 million cash balance after a Nasdaq-to-OTCQX delisting, while cannabis Schedule III rescheduling could…
options How to save yourself from the Strait of Hormuz
TripleS uses long-dated call spreads in QURE, Reddit and NVO, plus SPY put spreads, to cap risk amid Strait of Hormuz volatility.
energy Forgive me Father, I have Sabled.
Sable Offshore restarted Santa Ynez oil flows under a Defense Production Act order, targeting 50,000 barrels daily and a path to 60,000…
deep value Four liquidations that seem interesting
Jarvis Securities, Otto Energy and Stratus Properties trade below reported liquidation or asset value, with regulatory, overhead,…
balance sheets Two Special Situations to Park Cash (With Upside)
TIPT trades at 0.64 times its $24.40 pro forma book value after asset sales.
credit NFE Bond Update
New Fortress Energy’s restructuring cancels its 12% 2029 notes for 94.3% of BrazilCo, $974 million of New NFE preferred and 25.8% of New…
deep value Stock Trade Compilation Episode Seis:
Ares Strategic Mining, Uniper, Jet2 and Phoenix Spree anchor a roundup of defense-mineral, reprivatization, net-cash airline and Berlin…
