The Special Situations Report

Summary:
We’re proud to release this week’s special episode, an interview with our wonderful guest, Kris Kania. Kris Kania is the Founder & Portfolio Manager of KSK Capital and a Visiting Assistant Professor of Tax Law at NYU School of Law. He previously practiced tax law at Sullivan & Cromwell LLP and Kirkland & Ellis LLP and earlier worked as a technology investor at Susquehanna Growth Equity.

Our conversation with Kris centered broadly around the topic of private credit, with a specific focus on what’s been happening in the business development company or BDC space. We spoke extensively about specific companies such as Blue Owl and Blackstone, drew comparisons to REITs and the bankruptcy situations with Tricolor and First Brands last year, questioned the presence of software and AI as it relates to these new forms of funding connected to data centers, and more. We learned so much from this discussion, and we hope our listeners will too!

Check out InsideArbitrage here: https://www.insidearbitrage.com/?s1=yt&c=p

You can find Kris at the following locations:
LinkedIn: https://www.linkedin.com/in/kris-kania/
X/Twitter: https://x.com/LegalFinGuy

Summary:
In this shortened episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss two key stories, including a new deal for a company that provides uniforms to corporations that is trading a double-digit spread and a massive insider purchase by a VC firm related to one of their portfolio companies.

Chapters:
0:00 Introduction
1:18 Cintas Finally Wins The War For UniFirst
6:32 The Coupang Data Breach and Investor Activity
17:26 Outro

Check out InsideArbitrage here: https://www.insidearbitrage.com/?s1=yt&c=p

Check out The Special Situations Report here: https://www.thespecialsituationreport.com/

Keywords:
M&A, merger arbitrage, bidding wars, shareholder opposition, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, activist campaigns, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

Summary:
In this episode of the Special Situations Report, hosts Asif and Tamanna Suria discuss cover four key stories, including a bidding war for an independent music company, a massive stock buyback announcement by Salesforce, a cluster of insider sales at Warner Bros. Discovery, and activist involvement in Pinterest.

Chapters:
0:00 Introduction
1:13 A Potential Bidding War for Reservoir Media
7:40 Massive Buyback at Salesforce Amidst The SaaSpocalypse
14:25 Elliott Gets Involved With Pinterest
16:28 Insider Sales At Warner Bros Following Paramount Deal
24:07 Outro

Check out InsideArbitrage here: https://www.insidearbitrage.com/?s1=yt&c=p

Check out The Special Situations Report here: https://www.thespecialsituationreport.com/

Keywords:
M&A, merger arbitrage, bidding wars, shareholder opposition, deals in the works, insider buying, insider sales, buybacks, C-suite transitions, spinoffs, activists, activist campaigns, failed mergers, management transitions, special situations, event-driven investing, markets, stocks

We’re proud to release this week’s special episode, an interview with our wonderful guest, Ehsan Ehsani. Ehsan Ehsani is an executive director at Crescendo Partners, an adjunct assistant professor at Columbia Business School, and the author of “Finding Value in Numbers: The Essential Investing Toolkit to Win on Wall Street.”

Our conversation with Ehsan centered around his recently released book, “Finding Value in Numbers,” and the various strategies, quantitative tools, and case studies discussed within. We spoke extensively about the art and science of investing, the importance of developing a framework for investing, the Kelly Criterion (especially in relation to portfolio sizing), the differences between first and second level thinking, and much more. We learned so much from this discussion, and we hope our listeners will too!

Check out InsideArbitrage here: https://www.insidearbitrage.com/?s1=yt&c=p

You can find Ehsan, his book, and his daily newsletter at the following locations:
LinkedIn: Ehsan Ehsani
Ehsan's Book: Finding Value in Numbers
Value Hedgehog Newsletter on LinkedIn: https://www.linkedin.com/newsletters/7099112971280203776/

We’re proud to release this week’s special episode, an interview with our wonderful guest, Chris Waller. Chris is the Founder and Portfolio Manager of Plural Investing. Before founding Plural, Chris worked in London at Goldman Sachs Asset Management, working as a member of the investment team for the Global and International Small Cap equity funds. He has an MBA from the Value Investing program at Columbia Business School and completed his bachelor's degree at Oxford University.

Our conversation with Chris centered around the case for GCI Liberty, beginning with the company’s complex origins as part of John Malone’s Liberty Media empire and as a spinoff from Liberty Broadband. We then dive into the company’s core business operations, offering broadband services in remote parts of Alaska. We also spend most of our discussion covering the M&A play that lies at the crux of this thesis, and how John Malone seems to want to execute acquisitions in a similar fashion to the way the original Liberty Media was built up. This was one of the most comprehensive deep dives into a single business we’ve ever done on this podcast, andwe hope our listeners enjoy this as much as we enjoyed recording it!

Check out InsideArbitrage here: https://www.insidearbitrage.com/?s1=yt&c=p

You can find Chris at the following locations:
Plural Investing: https://www.pluralinvesting.com/
Hidden Gems Investing: https://substack.com/@hiddengemsinvesting
X: https://x.com/HiddenGemsInves
LinkedIn: https://www.linkedin.com/in/wallerchris/