Some highlights from this weekend’s Event Driven Monitor
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The Event of the Week
Having been gone for a few weeks and clearing my head, the end result is that nothing has changed my thinking; if anything I am more convinced that bonds will be driving the ship (and right into the iceberg). Maybe I am in an echo chamber but when one of the smartest guys in finance, with access to the best real time data (i.e. Jamie) is making the rounds pounding his chest with the same narrative, we should all sit up and listen (link and summary below for those that missed).
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Kuppy’s Tweet of the Week
Chart and Kliff Note of the Week
Cluster Insider Buy Monitor: Vice chair, Alex Hansson picked up another 100k shares of Nordic American Tankers, NAT. Hansson family is now up to a cool 4.65m shares
Announced Buyback Monitor: DXLG picked up $14m in the TTM. Pretty sizeable against their dumpster fire of a mkt cap, now at $65m. Worth noting that activist PLP Funds/Fund 1 continues to circle this name and still has an outstanding $3/sh offer still out there for a 145% premium..Guessing that gets restruck…
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