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Jason Knapp

Special Situation Investing News - 7/17/2015

It's Friday.  That means it's time for another edition of the amazing Special Situation Investing News.  Technology is amazing.  At various points this summer I will be reporting on special situations from my cabin in Medicine Bow National Forest, Wyoming.  I remember years ago when it didn't even have a telephone, now I can access news from all over the globe while sitting in the middle of the woods.  It's really mind-boggling if one thinks about it. Without further adieu, here's the the news.  Enjoy!

Spinoffs

Yum dismisses activist investors’ urge to spin off China business

http://nrn.com/international/yum-dismisses-activis...

Hertz +18% Hertz Completes Financial Restatement; Provides 2015 Business Outlook

http://finance.yahoo.com/news/hertz-completes-fina...

Is It A Dog? A Diamond In The Rough? Wall Street Weighs In On DuPont’s Chemours Spinoff

http://www.stockspinoffs.com/2015/07/15/is-it-a-do...

DuPont Spinoff Chemours Seen Testing Dividend Pledge

http://www.bloomberg.com/news/articles/2015-07-14/...

PlentyOfFish Bolsters IACI's Match Group for Enticing Spin-Off

http://www.thestreet.com/story/13218354/1/plentyof...

spinoff Barnes & Noble Education final prospectus

https://www.sec.gov/Archives/edgar/data/1634117/00...

files form 10 for skilled nursing spinco Care Capital Properties

http://www.sec.gov/Archives/edgar/data/1639947/000...

PayPal to join S&P 500, replace eBay in S&P 100

http://www.marketwatch.com/story/paypal-to-join-sp...

Needham & Company Reiterates Buy on JDS Uniphase (JDSU) Ahead of Lumentum Spin Off

http://www.streetinsider.com/Analyst+Comments/Need...+Ahead+of+Lumentum+Spin+Off/10718468.html

Computer Sciences (CSC) Files Form 10 For Expected Spin-Off

http://www.streetinsider.com/Corporate+News/Comput...+Files+Form+10+For+Expected+Spin-Off/10719451.html

Talk about a crummy spinoff. FBR Capital Maintains an Underperform Rating on Knowles Corp.

http://www.markets.co/fbr-capital-maintains-an-und...

IACI: The Match Group Spin-Off Preliminary Bullish Thesis

http://seekingalpha.com/article/3320815-iaci-the-m...

TriMas Spinoff Plans On Broadening Horizon Via M&A

http://www.stockspinoffs.com/2015/07/14/trimas-spi...

The Hows and Whys Behind Spinoffs Such Deals Can Unlock Value for Investors, but They Offer Little Margin for Error

http://www.wsj.com/articles/the-hows-and-whys-behi...

Sears just sold its last asset that had any real value. Trouble ahead?

http://thedealnewsroom.tumblr.com/post/12363681112...

Where Fortress is Taking its Pure-Play Senior Housing REIT Next

http://seniorhousingnews.com/2015/07/09/why-senior...

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Activist Investors

Release the Kraken! Activist Investors May Finally Unlock the Hidden Value at LSB Industries

http://tmfdeej.whotrades.com/blog/43142341483

Successful Activist Investor Starboard Value Announces Position in Macy's

http://tmfdeej.whotrades.com/blog/43013784476

Once Again Bill Ackman Pitches Fannie & Freddie

http://tmfdeej.whotrades.com/blog/43937228066

Monetizing Real Estate: A Fund Favorite at Delivering Alpha 

http://www.institutionalinvestor.com/article/34718...

Precision Castparts: Underrated Activist Owned Stock

http://seekingalpha.com/article/3329535-precision-...

Remy International Sale To BorgWarner A Quiet Win For Activist Fund H Partners

http://www.forbes.com/sites/antoinegara/2015/07/13...

Activist Sandell Not The Only Hedge Fund In Ethan Allen

http://seekingalpha.com/article/3329585-activist-s...

Investment Firm Oxford Park Buys More Than 5% Stake in Extendicare

http://www.wsj.com/articles/investment-firm-oxford...

AGCO: Quiet Activist Targets A Quiet Company

http://seekingalpha.com/article/3324355-agco-quiet...

Delivering Alpha: In 'golden age' for activists, 12 firms to watch

http://www.cnbc.com/2015/07/14/delivering-alpha-in...

Charles Frischer Discloses Activist Stake in Newcastle

http://www.oozingalpha.com/charles-frischer-disclo...

Pacer International And Becker Darpkin [case study]

http://activiststocks.com/blog/pacer-becker-drapki...

Pentair: Activist Investor Nelson Peltz Pushes For Consolidation

http://seekingalpha.com/article/3317935-pentair-ac...

Activists descend on Internap, pressure sale amid data-center consolidation

http://thedealnewsroom.tumblr.com/post/12303177353...

Blue Harbour Eyes

, Discovery Stirs Up Internap Plus eight other SEC filings by big investors.

http://online.barrons.com/articles/blue-harbour-bu...

.

SPACs

Special Situation Revisited: Nomad Foods Resumes Trading, Enabling Investors to Hop on This Potential Compounding Machine

http://tmfdeej.whotrades.com/blog/43306817354

.

Liquidations

Change is Good. It Often Creates Temporary Gaps Between Price & Value That Can Be Profited From 

http://tmfdeej.whotrades.com/blog/43150526754

.

Whale Watching

The Fall of a Super Investor and What Can Be Done to Right the Ship 

http://tmfdeej.whotrades.com/blog/43594313111

Delivering Alpha Conference Notes: Richard Perry, Eric Mindich, Bill Ackman, Nelson Peltz, Jeff Smith & More

http://www.marketfolly.com/2015/07/delivering-alph...&m=1

Horizon Kinetics Q2 Letter to Investors

http://www.horizonkinetics.com/docs/Q2%202015%20Co...

Greenwood Investors Second Quarter Letter to Investors

http://www.gwinvestors.com/wp-content/uploads/2015...

Cable Car Capital Q2 Letter to Investors

http://www.cablecarcapital.com/Cable_Car_Q2_2015.p...

Up 482% and having never lost money, this hedge fund now likes energy and Cayman beaches

http://www.bloomberg.com/news/articles/2015-07-16/...

Who's right on Netflix: Goldman Sachs or David Einhorn?

http://www.usatoday.com/story/money/2015/07/14/who...

Investing legend Gabelli bullish on media firm »

http://www.cnbc.com/2015/07/14/investing-legend-ga...

Martin Franklin Adds 2 More Deals to a Long List

http://www.nytimes.com/2015/07/14/business/dealboo...

Sell In May And Go Away Might Just Work For Whitney Tilson

http://www.valuewalk.com/2015/07/whitney-tilson-re...

 .

NOLs

ALJ Regional Holdings: A Nice Acquisition, But Don't Expect Any More

http://seekingalpha.com/article/3325215-alj-region...

.

Thrift Conversions aka Demutualizations

Oconee Federal Financial - Well Capitalized And Profitable Bank Trading At A Large Discount To Intrinsic Value

http://seekingalpha.com/article/3329985-oconee-fed...

.

Undervalued REITs

CorEnergy Executes The Most Accretive REIT Transaction Of 2015

http://seekingalpha.com/article/3321975-corenergy-...

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Economics / Markets

China Market a Bad Casino, Hedge Fund Managers Say

http://www.wsj.com/articles/china-market-a-bad-cas...

Meredith Whitney was Right - Just way too Early

https://www.hvst.com/posts/45708-meredith-whitney-...

Don't always agree with Krugman, but he's spot on about Fed. Fed Is Going to Be Wrong When It Eventually Raises Rates

http://www.bloomberg.com/news/articles/2015-07-14/...

Twitter takeover hoax: How did it happen?

http://www.cnbc.com/2015/07/15/bloomberg-twitter-h...

China’s $23B Micron bid is far too low to succeed

http://www.marketwatch.com/story/chinas-23b-micron...

Another oldie value investors' stock

is going private @ $3.25/share +19%

http://finance.yahoo.com/news/books-million-takes-...

Big Investors Are Holding the Highest Amount of Cash Since Lehman's Collapse

http://www.bloomberg.com/news/articles/2015-07-14/...

Too Much Debt + Too Little Cash = Most Distressed Pain Since ’08

http://www.bloomberg.com/news/articles/2015-07-14/...

Coal is a sick dragon, and the bond market wields a heavy sword 

http://www.bloomberg.com/news/articles/2015-07-13/...

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Miscellaneous Write-ups

Noranda - Preview Of Second Quarter And Liquidity

http://seekingalpha.com/article/3330655-noranda-pr...

Noranda Aluminum - Risky Bet With Significant Potential Returns

http://seekingalpha.com/article/3321905-noranda-al...

Win a Free Copy of the Greatest Book on Investing Ever Written

http://tmfdeej.whotrades.com/blog/43086392655

There Is At Least One More Puff In This Cigar

http://seekingalpha.com/article/3323925-there-is-a...

What the heck is wrong with Global Power Equipment Group

http://www.oozingalpha.com/heck-is-wrong-with-glob...

Deep Down, Inc. - Liquidation And Shareholders Win, Operations And Shareholders Lose

http://seekingalpha.com/article/3324275-deep-down-...

REIT Preferred Arbitrage With RAIT Financial

http://seekingalpha.com/article/3329715-reit-prefe...

I Found NTELOS In The Liquidation Bin: A Misplaced Stock With 30%+ Upside

http://seekingalpha.com/article/3323015-i-found-nt...

Meet The Mastermind Behind This REIT Merger

http://seekingalpha.com/article/3325935-meet-the-m...

So much for this former special situation: Sabine Oil & Gas files for bankruptcy

http://seekingalpha.com/news/2629485-sabine-oil-an...

& are special situations from the past. Interesting picks. I always enjoy this feature from BNN

http://www.bnn.ca/News/2015/7/13/Top-Picks-from-Jo...

Essex Rental: After More Heavy Lifting, I'm Still Bullish

http://seekingalpha.com/article/3316885-essex-rent...

Spirit AeroSystems: A Buyout In The Making

http://seekingalpha.com/article/3321115-spirit-aer...

The Value Opportunity In Low P/FFO REITs

http://seekingalpha.com/article/3321725-the-value-...

CafePress co-founder Durham tries to return online retailer to its roots

http://upstart.bizjournals.com/entrepreneurs/hot-s...

EnviroStar: Clean Up Your Portfolio With This Name

http://seekingalpha.com/article/3313835-envirostar...

Sam Zell’s Equity Commonwealth Is a Bargain

http://online.barrons.com/articles/sam-zells-equit...

A Cheap Way to Play the Global Travel Boom

http://online.barrons.com/articles/a-cheap-way-to-...

SunEdison Semiconductor - My Best Idea For The Rest Of 2015

http://seekingalpha.com/article/3307025-sunedison-...

Thanks for reading. While this is a ton of news, I'm sure that there are some interesting things that I have missed. If you've seen one, please share it in the comments section. My goal in creating the Special Situation Investing Community was to create a free place on the web where like-minded individuals who love this style of investing like I do can come to discuss it and share ideas. So please, comment, comment, comment. The more dialog we have and ideas we have floating around the better it is for everyone.

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. Also, make sure to follow me on Twitter @TMFDeej.

Have a great weekend!

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