Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
Before we jump in, a quick reminder that we will be hosting our KEDM “Financials” Happy Hour on August 1 at 4:15 with Derek Pilecki, the absolute ax in this niche. Trump will ultimately get his way and smash Fed Funds to 1%. This will create a ton of opportunity if you look in the right places.
Turning to the markets, this week we decided to invite our very good friend Roderick van Zuylen, aka RooJoo, to these KEDM pages to discuss a new theme. You may recognize the name as Roojoo is quite active in the Discord (@roojoo) and on Fintwit (@roojoo3). And similar to our KEDM style, he thinks in “themes” and “inflections.” When we chatted the theme below, it just “clicked” and I thought it would be valuable to share.
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Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
Strategic Alternatives Monitor: Hewlett-Packard announced that it formed a new Strategy Committee of the Board, and appointed Robert Calderoni as a director. Remember, Elliott is an activist here and pushing for changes at the company, and HPE mentioned that the committee was formed as a part of the cooperation agreement with Elliott.
BM&A Monitor: Orion Properties received a second, unsolicited offer from Kawa Capital Management, a ~10% shareholder, for $2.75 per share. Last month, the company made an offer of $2.50 per share, which the company later rejected. The current spread is sitting at ~8%.
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Kuppy’s Event Driven Monitor scans over 20 corporate events for market moving information and distills them into our propietary “Kliff Notes.” One profitable trade should more than cover an annual subscription and access to the Event Driven chatroom!