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Dalius - Special Sits
RT @evfcfaddict: „Joel Greenblatt said that he approaches position sizing not in terms of the highest potential upside, but by putting the most money into the investments where he believes he won’t lose money. This isn’t investment advice, but I believe FILA fits that category well.“
Agreed/Long
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RT @evfcfaddict: „Joel Greenblatt said that he approaches position sizing not in terms of the highest potential upside, but by putting the most money into the investments where he believes he won’t lose money. This isn’t investment advice, but I believe FILA fits that category well.“
Agreed/Long
$FILA.MI trades at < 9x low-end of FY25 FCFE guidance. Adjusted for the $DOMS stake, stub is negative.
You’re getting PAID to own a €52m/yr FCF biz (5yr avg) w/ ~30% insider ownership, streamlining underway, ~9% divvy, potential stake sale, and EM growth exposure. Link in bio! https://t.co/aaTSU0YouO tweet
Riley Brown
We’re hiring people that match this description at @vibecodeapp
The lovable / cursor for mobile apps
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We’re hiring people that match this description at @vibecodeapp
The lovable / cursor for mobile apps
There is insane demand for people who can understand and explain technology in a compelling way. tweet
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matt palmer (@mattppal) on X
There is insane demand for people who can understand and explain technology in a compelling way.
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Aadit Sheth
This guy literally reveals the truth about why you never learn from your mistakes https://t.co/y209NnwpSi
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This guy literally reveals the truth about why you never learn from your mistakes https://t.co/y209NnwpSi
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Aadit Sheth
RT @basicprompts: Karpathy shares the 3-step blueprint on how to master anything https://t.co/a2ubKONac6
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RT @basicprompts: Karpathy shares the 3-step blueprint on how to master anything https://t.co/a2ubKONac6
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Dalius - Special Sits
$ANEB is clearly not working out, the stock is down 30% since July.
The shareholder vote to approve the reverse split was expected on August 22, yet there have been no updates whatsoever. They haven’t even announced whether the shareholder meeting was held, adjourned, or if the whole transaction was cancelled. While it’s clear the deal is off, the lack of clarity on what’s going on is quite surprising.
Odd-lot reverse splits are much more complicated than they appear on the surface.
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$ANEB is clearly not working out, the stock is down 30% since July.
The shareholder vote to approve the reverse split was expected on August 22, yet there have been no updates whatsoever. They haven’t even announced whether the shareholder meeting was held, adjourned, or if the whole transaction was cancelled. While it’s clear the deal is off, the lack of clarity on what’s going on is quite surprising.
Odd-lot reverse splits are much more complicated than they appear on the surface.
Received a few inquiries from subscribers and followers on Twitter, so here’s why I’m not involved with $ANEB.
Any pushback is always welcome.
ANEB is pursuing a “going dark” transaction via a reverse stock split at a ratio between 1-for-2,500 and 1-for-7,500, with a fixed cash-out price of $3.50 per pre-split share. A 2,499-share position implies ~$1,100 upside at current prices.
Shareholder approval is almost certain. The main risk is cancellation, repricing, or a lower split ratio.
Since the announcement, significant arb activity has occurred. The anticipated cash-out cost is $1.8M, but with 20M shares traded on the day of the announcement, even a small fraction of traders taking odd-lot positions could dramatically increase the cost.
If just 500 shareholders participate at the lower ratio, the cost jumps to $4.4M. In reality, the number of participants could easily exceed 1,000, making the transaction financially unfeasible.
ANEB has $13M in cash and burns ~$2M per quarter, meaning it may less than ~$10M by the time of the vote. You do the math, this deal is unlikely to go through on current terms if retail participation scales up. tweet
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Dalius - Special Sits (@InvestSpecial) on X
Received a few inquiries from subscribers and followers on Twitter, so here’s why I’m not involved with $ANEB.
Any pushback is always welcome.
ANEB is pursuing a “going dark” transaction via a reverse stock split at a ratio between 1-for-2,500 and 1-for…
Any pushback is always welcome.
ANEB is pursuing a “going dark” transaction via a reverse stock split at a ratio between 1-for-2,500 and 1-for…
Dalius - Special Sits
Just days left for the best non-Netflix drama: $LWAY finale.
Stock trades ~20% above Danone’s last offer with the NDA expiring Sept 15. Agreement can be extended by 7 days, but resolution is near.
Either a sale announcement or a clear path to a board overhaul. Lock in😅
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Just days left for the best non-Netflix drama: $LWAY finale.
Stock trades ~20% above Danone’s last offer with the NDA expiring Sept 15. Agreement can be extended by 7 days, but resolution is near.
Either a sale announcement or a clear path to a board overhaul. Lock in😅
My favorite corporate drama, $LWAY, has been developing quite well.
The stock has been ripping since my last update on the restarted sale talks with Danone, further supported by solid Q2 results. LWAY now trades almost 17% above Danone’s previous bid and 40% above the write-up levels on SSI.
Yesterday, I took half of my chips off the table and am holding the rest for the outcome of the ongoing negotiations. tweet
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Dalius - Special Sits (@InvestSpecial) on X
My favorite corporate drama, $LWAY, has been developing quite well.
The stock has been ripping since my last update on the restarted sale talks with Danone, further supported by solid Q2 results. LWAY now trades almost 17% above Danone’s previous bid and…
The stock has been ripping since my last update on the restarted sale talks with Danone, further supported by solid Q2 results. LWAY now trades almost 17% above Danone’s previous bid and…
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