Jason Knapp
2
All posts from Jason Knapp
Jason Knapp in Special Situation Investing News,

Special Situation Investing News - 8/5/2015

Welcome to the latest edition of the Special Situation Investing News.  There's no time for an intro today.  I have to go eat Dominican food and watch the Yankees new rookie sensation Luis Severino.

Spinoffs

Shire seen having to sweeten $30 billion offer to win recent Baxster spinoff Baxalta

http://finance.yahoo.com/news/shire-seen-having-sw...

Baxalta Well-Armed to Fend Off Shire’s Unsolicited Bid

http://blogs.wsj.com/moneybeat/2015/08/04/dealpoli...

$GHC #spinoff Cable ONE Reports Second Quarter 2015 Results

http://finance.yahoo.com/news/cable-one-reports-se...

Community Health Systems to spin off 38 hospitals, shift focus to larger markets

http://www.modernhealthcare.com/article/20150803/N...

Bloomberg: Petrobras planning to sell 25% of distributor in Brazil IPO

http://seekingalpha.com/news/2690295-bloomberg-pet...

Covidien $COV spinoff Mallinckrodt $MNK -7.5% getting roughed up on weak earnings

http://finance.yahoo.com/news/mallinckrodt-plc-rep...

Kimberly-Clark $KMB spinoff Halyard Health $HYH is getting hammered on weak earnings & guidance

http://finance.yahoo.com/news/halyard-health-cuts-...

Horizon Global's $HZN TriMas $TRS takse it on the chin after earnings report -15%

http://finance.yahoo.com/news/trimas-corporation-r...

Former Spinoff Codexis Announces CodeEvolver Technology Transfer and License Agreement With Merck

http://finance.yahoo.com/news/codexis-announces-co...

Another quarter, another Fidelity spinoff.  Afer initially thinking that I might and doing some digging, I personally have no interest in the coming spinoff of J. Alexander's

http://www.jaxdailyrecord.com/showstory.php?Story_...

RR Donnelley Reports Intent to Create Three Independent Publicly Traded Companies

http://www.marketwatch.com/story/rr-donnelley-repo...

Spinoff Odds & Ends – CDK Global, Remy International

http://www.stockspinoffs.com/2015/08/03/spinoff-od...

$NI spinoff Columbia Pipeline Group Reports Second Quarter 2015 Earnings

http://finance.yahoo.com/news/columbia-pipeline-gr...

Lumentum: Stifel Starts JDSU Spin at Buy, Leaves Viavi at Hold

http://blogs.barrons.com/techtraderdaily/2015/08/0...

$BNED closes -8% after falling as much as -11%. Barnes & Noble Completes Spin-Off of Barnes & Noble Education 

http://finance.yahoo.com/news/barnes-noble-complet...

.

SPACs

Avenue's Boulevard to hit the Street: Blank check company files and sets terms for $350 million IPO.  I loved $BLVD 1's acquisition. Let's see if Avenue can work its magic again.

http://www.nasdaq.com/article/avenues-boulevard-to...

2015 National Geographic Traveler Photo Contest winners. Winner gets a $LIND Cruise.

http://www.cnn.com/2015/08/03/world/gallery/nation...

.

Arbitrage

Kansas City Life: Going Private Arbitrage

http://seekingalpha.com/instablog/747089-alpha-hun...

Kansas City Life starts process to go private

http://www.bizjournals.com/kansascity/news/2015/07...

.

Activist Investors

Baxter International Is Dan Loeb's Newest Activist Target

http://www.bloomberg.com/news/articles/2015-08-05/...

Loeb Targets Suzuki Declaring New Age for Japan Activism

http://www.bloomberg.com/news/articles/2015-08-03/...

Starboard Discloses Stake in MedAssets, Calls For Overhaul

http://www.wsj.com/articles/starboard-discloses-st...

Starboard Gets a Nasty Surprise from Its New Target MedAssets

http://www.institutionalinvestorsalpha.com/Article....

Smiths shares up on report U.S. activist ValueAct takes stake

http://uk.reuters.com/article/2015/08/04/uk-smiths...

Cannell Capital Takes TeleCommunications Systems, Inc. To Task

http://seekingalpha.com/article/3394295-cannell-ca...

.

Investment Write-ups

Activist Corvex Rebranding American Realty Capital?

http://seekingalpha.com/article/3392825-activist-c...

Hertz Is Still On Sale But It May Not Be For Long

http://seekingalpha.com/article/3395295-hertz-is-s...

Events: Hertz Re-Initiation August 2015

http://seventeenmile.com/2015/08/04/events-hertz-r...

Starwood Hotels & Resorts $HOT "Opportunity knocks: Risk reward skew is very attractive"

http://www.benzinga.com/analyst-ratings/analyst-co...

Icahn Enterprises, L.P.: Icahn Could Boost Your Portfolio Returns With This 7.4% Yielder

http://seekingalpha.com/article/3391985-icahn-ente...

TEGNA Is Positioned For Significant Upside

http://seekingalpha.com/article/3388285-tegna-is-p...

.

Whale Watching

Mohnish Pabrai.buys another half million shares of Horsehead Holdings

http://www.insidermonkey.com/blog/insider-places-a...

Rolls-Royce Has Met With ValueAct Since Fund Raised Stake Above 5%

http://www.wsj.com/articles/rolls-royce-has-met-wi...

Broad Run Q2 Letter to Investors

http://broadrunllc.com/wp-content/uploads/2015/07/...

David Einhorn just had his worst month since 2008 — here's what he said about it

http://www.businessinsider.com/einhorn-says-invest...

Jeff Ubben And ValueAct U.K. Shopping Spree

http://www.valuewalk.com/2015/08/jeff-ubben-and-va...

.

.Economics / Other Investing News

OSHA: Molten aluminum touching water preliminary cause of Noranda explosion.  Good grief, $NOR can't catch a break.  It was in a decent position with liquidity, but when you're flying close to the sun things like this don't help.

http://www.kfvs12.com/story/29706743/explosion-at-...

Genworth CEO Halts Sale of Life Insurer Unit; Shares Tumble. Genworth $GNW is never going to get its act together. Glad I passed.

http://www.bloomberg.com/news/articles/2015-08-05/...

Lumber Liquidators stock skids after surprise loss. I don't own any, but I still think hat $LL didn't do anything that many other retailers did as well.

http://www.cnbc.com/2015/08/05/lumber-liquidators-...

Disney stock sinks, but Iger bullish on cable, ESPN. Thank you to all of the Disney shareholders who sold me more shares for my kids' college funds for 8% less today.

http://finance.yahoo.com/news/disney-bullish-cable...

Monsanto, Syngenta rumors keep flying

http://seekingalpha.com/news/2693785-monsanto-syng...

The Next Energy Sector Collapse — Coming SOON…

http://dailyreckoning.com/the-next-energy-sector-c...

Yuck. Brookdale Senior Living $BKD -8% in earnings. 

http://finance.yahoo.com/news/brookdale-announces-...

Crude collapse pressures Big Oil's fat dividends

http://finance.yahoo.com/news/crude-collapse-press...

$RYAM management has no idea what they are doing. Rayonier Advanced Materials Announces Strategic Repositioning

http://finance.yahoo.com/news/rayonier-advanced-ma...

How Warren Buffett Built His Empire – Forbes 1990 – Part One: Changing strategy. It must have been nice when merger arb wasn't as crowded as it is today.

http://www.valuewalk.com/2015/07/how-warren-buffet...

This Recovery Really Is Different

http://www.bloombergview.com/articles/2015-08-03/t...

 Puerto Rico Agency Misses Full Bond Payment in First Default

http://finance.yahoo.com/news/puerto-rico-agency-m...

AIG Doubles Dividend, Boosts Buybacks

http://finance.yahoo.com/news/aig-doubles-dividend...

 Thanks for reading. While this is a ton of news, I'm sure that there are some interesting things that I have missed. If you've seen one, please take a second to give back by sharing it in the comments section. My goal in creating the Special Situation Investing Community was to create a free place on the web where like-minded individuals who love this style of investing like I do can come to discuss it and share ideas. So please, comment, comment, comment. The more dialog we have and ideas we have floating around the better it is for everyone.

Also, if you haven't already, make sure to click on the link at the top of the page to join this new special situation investing community. Doing so will enable you to receive notification when new articles are published here and to share your own ideas. Also, make sure to follow me on Twitter @TMFDeej.

Have a great day!