I'm going to kick things off today with an update to a special situation that I have written numerous times in the past, the REIT formerly known as American Realty Capital Properties $ARCP. There has been a number of very bullish developments since I started writing about this company, now named VEREIT $VER, yet it's stock price has continued to decline as a result of general market weakness and the selloff in REITs on an unwarranted fear of rising interest rates. A one-year chart of $VER (blue) vs. the S&P 500 (red) (click to enlarge) For anyone not familiar with the story of this company or its previously scummy management, I suggest reading my post on the subject from June: Mr. Market Hates Uncertainty, But Investors Can Profit From It http://tmfdeej.whotrades.com/blog/43209604493 The recent bullish developments at VEREIT include:The naming an impressive REIT turn-around specialist, Glen Rufrano, as its new CEO.A culling of over $900 million in non-core non-controlled joint ventures, flat leases, restaurants and non-core assets to reduce the company's risk profile, lower its debt level and ultimately lower its borrowing costs.The reinstatement of its dividend at $0.55/share, equivalent to a yield of around 6.6% at today's price. VEREIT currently trades at multiples that are significantly below its peers. Furthermore, contrary to popular belief that REITs are going to be punished by rising interest rates, the U.S. economy is strong yet the recent global turmoil has kept rates extremely low, creating a perfect environment for the sector. So far Glen Rufrano has made all the right moves. As he continues to work his magic at the company, he will turn something that can be purchased at beef jerky prices today into filet mignon. I have added to my position in the company on recent weakness. A host of great articles have been written about VEREIT lately. I highly recommend that investors check them out.: Glenn Rufrano Charts New Course for VEREIT http://nreionline.com/reits/glenn-rufrano-charts-n... How VEREIT Plans to Rise Out of the Ashes of ARCP http://www.fool.com/investing/dividends-income/201... VEREIT: The Dividend Is Back And The New Business Plan Appears Sound http://seekingalpha.com/article/3456866-vereit-the... Why I'm Giving VEREIT (Formerly ARCP) A Second Chance http://seekingalpha.com/article/3442076-why-im-giv... VEREIT, Inc.: This REIT Has Just Become A 6% Yielder Again http://seekingalpha.com/article/3413706-vereit-inc... Former Centro CEO Glenn Rufrano’s magic formula http://www.theaustralian.com.au/business/property/... VEREIT - A Major Buy From The New CEO http://seekingalpha.com/article/3468536-vereit-a-m... And now for the rest of the Special Situation News: . Spinoffs Soon to be spun off Ferrari Said to Consider Marchionne to Replace Retiring CEO http://www.bloomberg.com/news/articles/2015-08-27/... Just Value Looks At Ferrari Spinoff http://justvalue.blogspot.com/2015/08/ferrari-note... A McSpinoff? Is McDonald’s Considering A Real Estate Spinoff? http://www.stockspinoffs.com/2015/08/27/a-mcspinof... B/E Aerospace #spinoff KLX - Energy Exposure Overshadows Great Aerospace Business http://seekingalpha.com/article/3465496-klx-energy... Sun Salutations…. Gaiam, Yoga and its Rising Star http://tmfdeej.whotrades.com/blog/43723111820 Introducing Ingevity – WestRock’s Specialty Chemicals Spinoff http://www.stockspinoffs.com/2015/08/26/introducin... . SPACs SPAC Weekly 8/24: Special Purpose Acquisition Corps 101 http://www.valuewalk.com/2015/08/spac-weekly-824-s... . Activist Investors Sandell is gearing up for a proxy fight after getting the Heisman from Ethan Allen http://www.marketwatch.com/story/sandell-sends-let... How Small Cap Activism Is Done http://tmfdeej.whotrades.com/blog/43474760695 Guardian Funds Letter To Precision Castparts http://tmfdeej.whotrades.com/blog/43879402420 . Hedge / Mutual Funds Ackman’s Pershing Square Loses 2015 Gains Amid August Stock Rout http://www.bloomberg.com/news/articles/2015-08-26/... Short Sellers Get Crafty With Positions in Beer Stocks http://blogs.wsj.com/moneybeat/2015/08/27/short-se... Sequoia Fund: Ruane, Cunniff & Goldfarb Investor Day 2015 [Transcript] http://www.valuewalk.com/2015/08/sequoia-fund-ruan... Hedge Funds Bruised by Stocks’ Meltdown http://www.wsj.com/articles/hedge-funds-bruised-by... Hedgies hit hard by steep drop in oil prices http://nypost.com/2015/08/25/hedgies-hit-hard-by-s... . Investment Write-Ups Bear of Burrard Street on Chicago Bridge & Iron http://bearofburrardstreet.com/chicago-bridge-iron... Scrutinizing Prescience Point's Short Attack On Amira Nature Foods http://seekingalpha.com/article/3463116-scrutinizi... Bear of Burrard Street Recent Sell: Now Inc http://bearofburrardstreet.com/recent-sell-now-inc... How To Benefit From Arbitrage In A Market In Turmoil http://seekingalpha.com/article/3464856-how-to-ben... Trevor Chang Recent Transaction: Purchased http://bearofburrardstreet.com/recent-transaction-... Cable & Wireless - a prime take-out target in LatAm w/ 9% FCF yield down the pipes http://dislocatedvalue.blogspot.com/2015/07/cable-... . Other Investing News GM Has Lost $13 Billion In Market Capitalization Since The $5 Billion Share Repurchase Plan http://seekingalpha.com/article/3467286-gm-has-los... Monsanto, rivals eye next step after Syngenta deal collapse http://seekingalpha.com/article/3468536-vereit-a-m... Google a ‘Conviction Buy’ Says Goldman Sachs http://www.barrons.com/articles/google-a-convictio... Disney Is About to Flood the Market With Star Wars Toys http://www.bloomberg.com/news/articles/2015-08-26/... Bear of Burrard Street: How I Find Investment Ideas http://bearofburrardstreet.com/how-i-find-investme... Noranda Aluminum reverse split a done deal https://www.nashvillepost.com/blogs/postbusiness/2... Mario Gabelli's Interview on Wall Street Week Courtesy of Market Folly . Economics The economy grew much more quickly last quarter than initially thought http://www.nytimes.com/2015/08/28/business/economy... Deflation Risk Becomes Deflation Fact for the Fed http://www.bloomberg.com/news/videos/2015-08-26/de... For Oil Producers Cash Is King, and That's Why They Just Can't Stop Drilling http://www.bloomberg.com/news/articles/2015-08-25/... . Thanks for reading. If you liked the article (or even if you didn't and you are just a generally nice person), please give it a thumbs up or comment below. Also, if you haven't already, make sure to click on the link at the top of the page to join this new special situation investing community. Doing so will enable you to receive notification when new articles are published here and to share your own ideas. Lastly, make sure to follow me on Twitter @TMFDeej. https://twitter.com/TMFDeej!function(d,s,id){var js,fjs=d.getElementsByTagName(s)[0],p=/^http:/.test(d.location)?'http':'https';if(!d.getElementById(id)){js=d.createElement(s);js.id=id;js.src=p+"://platform.twitter.com/widgets.js";fjs.parentNode.insertBefore(js,fjs);}}(document,"script","twitter-wjs"); Have a great day!