Wednesday, June 28, 2017

Charter: A levered return of capital story for the ages $CHTR

  • Charter is undervalued versus peers
  • Insiders are very bullish on Charter and the company is buying shares back like crazy
  • I don’t think the market realizes just how wild (in a good way) these share buybacks are yet

Friday, June 23, 2017

Why the big decline, AMC? $AMC

Key investment thesis: AMC (disclosure: long) shares have recently dramatically under performed peers RGC and CNK (disclosure: short a non-life altering amount of both as a hedge), providing investors with an opportunity to invest in the company at a below peer valuation despite better growth prospects.

Thursday, June 22, 2017

Case study: Tangoe acquisition $TNGO

So sorry for the lack of posts recently; I have been working on a few things that, for one reason or another, I didn't want to post on the blog. I'd expect a few more in the near future.
Last week, Marlin closed on its deal to buy Tangoe (TNGO) for $6.50/share. We had acquired a position in the stock in late March at ~$5/share (unfortunately, it was a rather small position). Because historical case studies can be educational, I've posted my rough working thesis from late March below. Enjoy!