A Weekly Update on Happenings in Special Situations
  • Bally’s $BALY rejected Standard General’s takeover proposal and announced a $300 - $500mm tender offer.

  • Spirit Airlines $SAVE rejected JetBlue’s $JBLU takeover proposal due to regulatory concerns and reiterated support for the merger with Frontier $ULCC.

  • Radius Global Infrastructure $RADI reportedly exploring strategic options including a sale.

  • Ubisoft $UBSFY founding family is considering a take-private in light of private equity interest.

  • Chesapeake Energy $CHK in discussions with activist Kimmeridge regarding changes to boost value.

  • Hasbro $HAS activist Ancora disclosed a 1% stake, backed the other activist (Alta Fox), called for a board refresh, and sale of eOne business.

  • Western Digital $WDC activist Elliott disclosed a 6% stake and proposed separation of its businesses, suggesting 100%+ upside.

  • Vista Outdoor $VSTO announced a plan to separate via a spin-off of its outdoor products segment.

  • Funko $FNKO 25% stake acquired by The Chernin Group, eBay $EBAY, Bob Iger, and Rich Paul.
What to watch for the week of 4/25/22
Are you prepared to take on the markets this week? If not, here is a watchlist that I created of some potential catalysts I’ll be watching for the week beginning April 25th. Check out the link in my bio for a more detailed break down of how I plan to trade this week and view my other graphics.

Hopefully this graphic can help you navigate your investing and trading decisions. Feel free to save it for reference, share it in your trade groups and repost it on your social media page. Also be sure to follow me. Good luck everyone!
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A Weekly Update on Happenings in Special Situations
  • Do you live under a rock? If so, I have some breaking news for you – Twitter $TWTR appointed Elon Musk to its Board.

  • Spirit Airlines $SAVE said it will enter talks with JetBlue $JBLU after JetBlue’s unsolicited all-cash offer trumped an earlier announced takeover bid by Frontier $ULCC.

  • Dave & Busters $PLAY announced the acquisition of Main Event for $835mm. Main Event’s CEO to become the CEO of the merged companies. No investor presentation, no analyst call – really??

  • Nielsen $NLSN investor WindAcre will attempt to block Nielsen’s sale. WindAcre previously demanded $1bn in additional equity to support the takeover. After being denied, WindAcre subsequently raised its ownership to 19%.

  • In the largest public company M&A deal last week, CDK Global $CDK announced its sale to Brookfield $BBU. A lot of merger activity in the automotive sector, including recent deals for Tenneco $TEN and Meritor $MTOR.

  • AT&T’s $T spin-off of WarnerMedia and concurrent merger with Discovery $DISCK was completed, creating Warner Bros. Discovery $WBD.

  • Turtle Beach $HEAR activist investor Donerail urged shareholders to prepare for upcoming proxy vote. Heavy chatter regarding a potential go-private transaction.

  • Envestnet $ENV is reportedly close to a sale, with Warburg Pincus and Advent rumored to be the final bidders. Continues trend of merger activity in both fintech & vertical software.

  • Turquoise Hill $TRQ formed a Special Committee and retained advisors to review Rio Tinto’s $RIO takeover proposal.

Have a great week everyone.
Upcoming Earnings Calendar (Jan 24-28th) - BIG week ahead!
Hey guys! Here's the upcoming earnings calendar! Definitely a very busy week ahead. Here's what I'll be looking at:

  • $MSFT - Can Azure keep its growth rate? Will a slowdown cause a sell-off similar to the one $NFLX had?
  • $TSLA - Post earnings reaction. This is one of the few high-growth stocks that has shown relative strength. Let's see if this changes post ER.
  • $LOGI - Is demand for gaming peripherals still strong? May be an early indicator of videogaming strength.
  • $AAPL - It's always interesting to hear what Apple is doing.
  • $V - Data on consumer spending.
  • $CVX - General comments on the energy market.

If you'd like an easier way to track earnings dates, you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

MON:

TUE:

WED:

THU:

FRI:
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Big Week Ahead! (Oct 25-29 Earnings Calendar)
Next week will probably be the most interesting week for the stock market this quarter. The largest companies in the world are all reporting and we'll get a lot of very valuable insights.

Here's what I'm interested in:
  • More context on the slowdown in ad spending from $FB $GOOG and $TWTR. Let's see if these companies are experiencing similar issues to the ones $SNAP mentioned yesterday.
  • Comments on the global supply chain issues from $KMB $MMM $GLW $LOGI and others.
  • A general update from $AMD $TDOC $SHOP and$AMZN.
  • Perspectives on the energy market from $XOM $CVX

Comment below what earnings call you're looking forward to!

Remember you can automatically sync your portfolio's earning dates to your personal calendar with just a couple of clicks here.

MON

TUE

WED

THU

FRI
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Eric Pelnik's avatar
$266.4m follower assets
Earnings this week
📞Which calls are you most excited about?

Monday, July 26th
$CRSP CRISPR Therapeutics
$HAS Hasbro
$TSLA Tesla

Tuesday, July 27th
$MMM 3M
$GOOGL Alphabet
$JBLU JetBlue
$AAPL Apple
$AMD Advanced Micro Devices
$SWK Stanley Black & Decker
$GE General Electric
$SHW Sherwin-Williams
$SBUX Starbucks
$MSFT Microsoft
$CAKE Cheesecake Factory
$FISV Fiserv
$TDOC Teladoc Health
$TENB Tenable
$V Visa
$WM Waste Management
$JNPR Juniper Networks

Wednesday, July 28th
$BMY Bristol-Myers Squibb
$BA Boeing
$F Ford Motor
$MCD McDonald's
$LC LendingClub
$FB Facebook
$GRMN Garmin
$QCOM Qualcomm
$SHAK Shake Shack
$PFE Pfizer
$NOW ServiceNow
$SHOP Shopify
$PFPT Proofpoint
$SPOT Spotify

Thursday, July 29th
$AMZN Amazon
$TEAM Atlassian
$AMT American Tower
$TAP Molson Coors Beverage
$GT Goodyear Tire & Rubber
$NOC Northrop Grunman
$KDP Keurig Dr Pepper
$GILD Gilead Sciences
$MA Mastercard
$TWLO Twilio
$ZEN Zendesk
$MSTR Microstrategy
$UPWK Upwork

Friday, July 30th
$ABBV Abbvie
$CHD Church & Dwight
$XOM Exxon Mobil
$PG Procter & Gamble
$CAT Caterpillar
$CVX Chevron
$VFC VF Corp

Sources: Business Insider, Google Finance, and Yahoo Finance
Air Travel Trends: Leisure Travel Driving Recovery, Corporate Travel Still Lagging
Despite the progress with vaccinations, travel in the US is still lagging significantly relative to 2019. Domestic leisure travel is coming back with force, but corporate and international travel might take a lot more time to recover.

Leisure travel has been the force behind travel recovery in the past few months. Airline executives all mentioned an acceleration in leisure travel demand since March.

Corporate travel has been lagging compared to leisure travel. Airline executives believe a turning point might occur in the second half of the year, with some pointing out Memorial Day or in-person school reopenings as possible inflection dates.

Executives expect international travel to recover quickly once restrictions are lifted. "A few weeks ago there was a rumor Greece was going to open. As soon as that rumor occurred, our Greece bookings took off." Andrew Nocella, VP of UAL


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Eric Pelnik's avatar
$266.4m follower assets
Some earnings this week
Monday, July 27th
$HAS Hasbro

Tuesday, July 28th

$TWOU 2U
$MMM 3M

$AFL Aflac

$JBLU JetBlue

$AKAM Akamai

$AMD Advanced Micro Devices

$MCD Mcdonald's Corp

$MKL Markel$SBUX Starbucks

$SHW Sherwin-Williams

$RTX Raytheon

$HOG Harley-Davidson

$EBAY eBay

$FEYE FireEye

$TENB Tenable

Wednesday, July 29th
$APRN Blue Apron
$BA Boeing

$GE General Electric

$SMG Scott's Miracle-Gro

$GM General Motors

$FB Facebook

$TDOC Teladoc

$PYPL PayPal

$QCOM Qualcomm

$SHOP Shopify

$SPOT Spotify

Thursday, July 30th
$GOOGL Alphabet

$AMZN Amazon

$TEAM Atlassian

$EA Electronic Arts

$AAPL Apple

$CROX Crocs

$F Ford Motor

$PG Procter & Gamble

$KHC Kraft Heinz

$DVA DaVita

$EXPE Expedia

$SHAK Shake Shack

$WM Waste Management

$UPS United Parcel Service

Friday, July 31st
$MRK Merck & Co

$CHD Church & Dwight

$CHTR Charter Communications

$XOM Exxon Mobile

$CAT Caterpillar

$CVX Chevron

$PINS Pinterest
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