Special Situations 🌐 Research Newsletter (Jay)
$UBS reported weaker profit in 2Q, as global market sell-off kept wealthy clients on sidelines and investors pulled funds.

Reported net income of $2.1B, compared with analyst estimates of $2.4B. The quarter was impacted by lower revenues at the key wealth management business.
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Dalius - Special Situation Investments
New idea posted on SSI 👇:

• Another MLP buyout by its GP (owns 75%). Similar to $SHLX and $BKEP ;

• Opportunistic timing/lowball price. Minority holders are outraged;

• Price increase very likely - 40% potential upside;

• Downside protected even if the offer fails;
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Rolf Degen
Although it may feel otherwise, belief in conspiracy theories has not increased in recent decades. https://t.co/aqA82ioon7 https://t.co/hlHumxYXLF
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Dalius - Special Situation Investments
Great outcome on $SHLX. Revised higher offer at $15.85. 15% gain in a month.

Two more pending MLP buyouts are covered on SSI - hoping for a similar / better outcome there.

Full write-up: https://t.co/SPULyvaVVz

Thanks @AndrewRangeley for the detailed analysis on this one.
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Jitendra Chawla, CFA
No investment is always good or always bad irrespective of price. High quality doesn't make money if you overpay and even bad quality businesses can be huge winners provided one buys at a deep discount.
#NoteToSelf #pontifying
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Dalius - Special Situation Investments
New investment ideas from VIC 👇

Incl: $NOC, $FBC and $CBAY

$NOC pitch:
– Bet on the defense industry with NOC being one of the best-positioned players.
– The escalating stand-off between China/Russia and the West will lead to multiyear increases in defense budgets.
... 👇
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Jim OShaughnessy
Two thoughts from Marshall Goldsmith

“If we do not create and control our environment, our environment creates and controls us.”

“It works because helping people be “right” is more productive than proving them “wrong.”
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Jitendra Chawla, CFA
I like this approach. Three price targets. Koi to hit hoga! https://t.co/tKdobApd9M https://t.co/o2IqiYezx1
"Night is Darkest Just Before the Dawn" Jefferies on @zomato https://t.co/kIqqf0Fydf - Kush Katakia
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Rob Briner
RT @RachelDoern: As someone who's interested in emotions at work, I enjoyed going through my daughter's art book from school this morning and spotting this. I think she's discovered some new ones. Here's to having more 'sholp' and less 'blod' in our lives, with the occasional 'zal' day. https://t.co/aRzCeHAu0F
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Special Situations 🌐 Research Newsletter (Jay)
$UPS falls after package demand fell more than expected. The average daily package volume fell 4% in the US and more than 13% at its international unit.

-*UPS 2Q ADJ EPS $3.29, EST. $3.15
-*UPS REAFFIRMS YEAR 2022 FINL GUIDANCE
-*$3BN REPURCHASES

What does this mean for $AMZN? https://t.co/AvbIWh5Bhj
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Meb Faber
Investing quote of the day: https://t.co/J1pj7ZUOJr
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Jim OShaughnessy
"If it turns out that “tell me the truth” is followed by lies at higher than the base rate, asking the language model to tell you the truth will incentivize it to lie)"

ELK And The Problem Of Truthful AI https://t.co/oO9pVYVsRi
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Jitendra Chawla, CFA
https://t.co/MQN2OO4ruA https://t.co/lD42V8yr0P
Jefferies on Zomato, says BUY with a target of 100

But, they've constantly slashed their target price in last 1 year

Jefferies Zomato Target Price
Jul 21 - `170
Oct 21 - `175
Feb 22 - `120
Now - `100

#Zomato @Zomato #StockMarket @CNBCTV18Live #FMCGisLife https://t.co/t8gARA0g8E - Mangalam Maloo
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