As of 12/06/2023 Close price: $2.79

Event close price: $3.03

Upside: +7%

Deal Closure Date: First Quarter 2024. Close in the next 4 to 5 months

LL Flooring Holdings, Inc.’s ($LL)Wide Deal Spread:

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LL Flooring Holdings, Inc. (LL 0.00%↑) has received several bid offerings to be acquired by potential strategic buyers. The initial deal announcement was made earlier this year by the former CEO, Thomas Sullivan, through F9 Investments. Then, a consortium led by Howard Jonas, CEO of IDT Corporation (a bit more on him if interested) came out in support of F9 Investment's $5.76 bid. As you know with any entrenched board and management, inept foot dragging brought us to an unsatisfactory Q3 deteriorating business result leading F9 to subsequently rescind their offer.

This was my latest on $VNDA https://tgsmnewsletter.substack.com/p/poisoned-or-preferredprobability

If you have read through a few stock market books, I am sure you recall the moments you suddenly found yourself in front of your first value investing book enamored by the writings of Warren Buffett or Benjamin Graham, a once prominent advocate of value investing. I will tell you that it gave me a new found arrogance to jump to buy my first net net stock. Repeating what every newly named “value investor” has done believing they are on their way to riches. I knew almost immediately I was on my way to billions in no time. Think again!

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Weekly Economic Indicator

Welcome to this month's edition of the Macrospective, where we bring you the latest. Stay informed and ahead of the curve with our comprehensive analysis and additional insights to help you navigate the financial landscape with confidence. These categories will help to understand how real GDP has been effected over the past week

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July 27, 2023 report

Initial unemployment claims in the United States decreased by 7,000 to 221,000 in the week ending July 22, 2023. This is the lowest level of initial claims since March 2020, before the COVID-19 pandemic began. The four-week moving average of initial claims also decreased by 2,250 to 233,750.

The decrease in initial claims is likely due to a number of factors, including the strong labor market and the ongoing economic recovery. The unemployment rate in the United States is currently at 3.6%, which is the lowest level since February 2020. Additionally, the economy is growing at a healthy pace, and businesses are hiring at a strong rate.

The decrease in initial claims is a positive sign for the labor market and the overall economy. However, it is important to note that the number of initial claims is still elevated relative to pre-pandemic levels. This suggests that there is still some slack in the labor market, and that the unemployment rate could continue to fall in the coming months.

July 23,2023- Yellow Corp. Averts Strike, Then Prepares for Bankruptcy

A Week of Wild Ups and Downs

https://commonstock.com/post/90d4b91d-aa2b-42f0-97fd-5fdfc1b350a4 by @maverickresearch

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We’ve had the opportunity to analyze thousands of stocks over the years. Some of these stocks have been easy to understand and invest in, while others have been more challenging. For our idea sourcing process we automatically scrub out foreign entities as an example of “too hard” labeling and only grant exceptions to a small few to analyze further for portfolio consideration.

Warren Buffett and Charlie Munger have a three-bucket approach to investing: "in," "out," and "too hard." The "too hard" pile is a collection of investments that they do not understand well enough or that they believe are too risky.

Unveiling the Dramatic Clash between Founders and Management

Explore the intriguing story of MarketWise, Inc. $MKTW , an $85+ million market cap company, as we delve into the internal struggles between the original founder, Frank Porter Stansberry, and the new management. Discover the reasons behind the recent decline in stock value and the controversial events surrounding the company's IPO. Gain insights into the grievances expressed by Stansberry and the intricate details of the SPAC merger. Uncover the impact on shareholders and the potential consequences for MarketWise's future. Join us on this gripping journey through the challenges and uncertainties faced by a prominent player in the financial research industry.

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Weekly Economic Indicator

These categories will help to understand how real GDP effected over the past week

Initial unemployment insurance claims

Claims could become volatile in July, when automakers typically idle plants to retool for new models. But these temporary plant closures do not always happen around the same time, which could throw off the model that the government uses to strip out seasonal fluctuations from the data.

Federal taxes withheld

The total amount of federal taxes withheld as of June 29, 2023 was $3.8 trillion, an increase of $1.2 trillion from the previous year. The largest source of federal tax withholding was from individual income taxes, which accounted for $2.5 trillion of the total. Corporate income taxes accounted for $900 billion of the total. Other sources of federal tax withholding included excise taxes, social security taxes, and Medicare taxes.

Redbook same-store sales

Walmart reported same-store sales growth of 3.0% for the four weeks ended July 2, 2023. This was below analysts' expectations of 3.3%.

Target reported same-store sales growth of 2.2% for the four weeks ended July 2, 2023. This was also below analysts' expectations of 2.4%.

I’m back almost lost my way. Haven’t used the app in a while and forget the name and deleted my Twitter app. Glad to be back on

Activision Blizzard, Inc. $ATVI

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This will be an extremely brief write-up given the well known and multifaceted write-ups of the ATVI and Microsoft MSFT 0.89%↑ merger opportunity.

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Parity Calculation

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Terms: 1 Activision Blizzard, Inc. ATVI -0.28%↓ = $95 cash proceeds if deal closes. ($75.96 as of close of business 12/7/2022)

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Gross Spread: $19.04

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Overaching Timeline

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In the three years prior to COVID-19, Activision Blizzard had a trading range of $40 and $85 between March 2017 to March 2020. Two months before the acquisition announcement by Microsoft, the trading range was $56 to $70.

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1/18/2022 Microsoft announced it will acquire Activision Blizzard for $95.00 per share, in an all-cash transaction valued at $68.7 billion.

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