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Some highlights from this weekend’s Event Driven Monitor

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The Event of the Week

Long-time readers know we love talking about is the ZIRP era, the transition to rising rates and the lasting ills from the 2020-2021 period. Everyone and their mother was starting/merging with a SPAC and VCs were tripping over each other trying to dump their trash onto the public markets. Most of these companies (calling them “companies” is generous…) cratered upon the arrival of higher rates.

Meanwhile, there seems to be a handful of real companies from this era that took in a ton of money, overspent on user acquisition, consolidated their industries, and emerged as monopoly/oligopoly companies capitalizing on huge trends with massive operating leverage.

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Kuppy’s Tweet of the Week

 


Chart and Kliff Note of the Week

Cluster Insider Buy Monitor: Another KEDM insider ping on an offshore name… A Noble Energy (NE) Director picked up a clean $230k. The CFO and CEO were active a couple weeks ago in the high 20s as well…


CEO Turnover Monitor: New CEO at UDMY, an online operator of training courses for enterprises. At about 15x FCF with a net cash balance sheet it could rerate meaningfully if he’s able to reaccelerate topline.

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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!

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