Friday, April 2, 2021

Updates: MMAC, PFX, LUB & Others

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This a liquidation value themed post, feel free to ignore if that's not your thing, but I wanted to put some updated thoughts on paper f...
27 comments:
Thursday, March 4, 2021

INDUS Realty Trust: GPT 2.0

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I'm about a year late on this post, thank you to Sterling Capital (@jay_21_) -- one of the best follows on Twitter -- for pointing me ba...
15 comments:
Wednesday, February 24, 2021

Technip Energies: FTI Spinoff, Forced Selling, Asset-Lite Business

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Technip Energies (THNPY, ADR in the U.S.) is a recent spinoff of TechnipFMC (FTI). Technip Energies is an engineering firm that specializes...
21 comments:
Thursday, February 18, 2021

Acres Commercial Realty: Yet Another Name Change, fka XAN, fka RSO

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Acres Commercial Realty (ACR) is the new name for Exantas Capital (XAN) which was previously the new name for Resource Capital (RSO), which ...
5 comments:
Tuesday, February 9, 2021

Aptevo Therapeutics: Positive Trial Results, Tang Capital Offer, Proxy Fight

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This write-up is incomplete, it is a strange situation I don't fully understand but figured it was worth sharing in case any readers hav...
67 comments:
Friday, January 22, 2021

CIM Commercial Trust: Proxy Fight, Possible Liquidation or Sale

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CIM Commercial Trust (CMCT) is another small illiquid idea (~$240MM market cap), CMCT owns about ten office properties in LA, Oakland and Au...
45 comments:
Thursday, December 31, 2020

Year End 2020 Portfolio Review

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What a traumatic and unpredictable year, certainly it has been tragic for those directly impacted by the virus or who have suffered the dea...
30 comments: