Wednesday, November 19, 2025

Golden Entertainment: PropCo OpCo Split, Insufficient MBO Offer

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Golden Entertainment (GDEN) (~$780MM market cap) is a regional casino operator primarily focused on the drive-to regional market, their flag...
2 comments:
Monday, November 10, 2025

Light & Wonder: Moving Primary Listing to ASX

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Light & Wonder (LNW) ($6.5B market cap, $11.3B EV) is a Las Vegas based maker of video gaming terminals, shuffle machines, other table p...
2 comments:
Wednesday, November 5, 2025

Sotherly Hotels: Buyout, Preferred Share Conversion Arbitrage

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Sotherly Hotels (SOHO) (~$108MM fully converted market cap) is a lodging REIT with 10 hotel properties located primarily in the southeastern...
11 comments:
Monday, November 3, 2025

Catching Knives w/ FI, FWRD & JEF

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Quick update, I've been quiet for a bit, maybe due to some writer's block, maybe because I continue to underperform the market by an...
8 comments:
Friday, September 5, 2025

Braemar Hotels & Resort: Gross Asset Management Contract, Initiated Sales Process

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It's probably a sign of the times, have to dip in quality to find some ideas and this pitch makes me throw up a little in my mouth.  Bra...
9 comments:
Thursday, September 4, 2025

180 Degree Capital: Merger w/ Mount Logan Capital, Tender Offer, Questions Remain

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180 Degree Capital (TURN) is a microcap (~$46MM market cap) closed end fund (CEF) pursuing an activist strategy in microcap stocks.  Before ...
25 comments:
Tuesday, August 12, 2025

Mural Oncology: Update

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Mural Oncology (MURA) ($~30MM market cap) has turned into a bit of a battleground busted biotech in the comments section of my original post...
12 comments: