I’ve been studying Bill Ackman’s portfolio and strong performance so far in 2019 and it seems the hedge fund manager is getting back to his roots. Gone are the shorts in Herbalife and aggressive long in Valeant, and instead he has waved in a new era of “high-quality, simple, predictable, …

Announced on July 9th, Blackstone will be selling up to 17.7MM shares of CorePoint. That represents ~30% of the outstanding shares of CPLG. Should investors be concerned or even follow Blackstone with the sale? I think its best to put some historical context behind this: How did Blackstone end up …

To say Bayer’s acquisition of Monsanto has not gone smoothly would be a significant understatement. Since Bayer closed the deal, lawsuits regard Monsanto’s “Roundup” have started to gain traction which has lead to the market trying to “price in” Bayer’s glyphosate liability. Roundup’s main active ingredient is glyphosate, an herbicide …

Hudson’s earnings were in-line with the pre-announcement. Unfortunately, there is no real update with the covenant relief. As stated in my last post, HDSN is in violation with its covenant with PNC. PNC can either bankrupt the company, likely taking a haircut on their debt or owning the re-org equity …

After close on Friday, Hudson filed a late filing notification with the following statement: Hudson Technologies, Inc. (the “Company”) was not in compliance with (i) the total leverage ratio covenant, calculated as of June 30, 2019, set forth in its Term Loan Credit and Security Agreement, as amended, with U.S. …

Market concerns recently seem very similar to concerns in the past

Well this is odd. The S&P hit all time highs again, but rates have plummeted in response to (i) the Fed lowering rates and (ii) fear and uncertainty over trade wars, real wars with Iran, and the broader economic cycle. With the uncertainty, and with interest rates moving lower, the …

Although the market was a little shaky after the Fed spoke on Wednesday, the S&P500 ended the week flat-to-up thanks to Friday, May 3rd’s rebound. According to the CME website, the odds of a rate cut (or the Fed lowering interest rates) are actually around 47% by Dec 2019 and …

Market Recap for the week ended April 26th, 2019. Facebook and Amazon earnings, S&P valuation, and more Unicorn sightings