Easy to Understand Growth Equity, Deep Value, SPAC, Preferred Stock, REIT, MLP, Merger Arbitrage, Capital Structure Arbitrage, and Distressed Subscription Research by Former Goldman Sachs Portfolio Manager
![100+ Tax-Free Municipal Bond Funds Trading at Discount to Net Asset Value (NAV)](https://static.wixstatic.com/media/dec7e6_306da358a71c4d6ab3f6c4780ba03058~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_306da358a71c4d6ab3f6c4780ba03058~mv2.webp)
100+ Tax-Free Municipal Bond Funds Trading at Discount to Net Asset Value (NAV)
![YCA: Uranium Closed End Fund Arbitrage (Published in 1Q22 for Subs @15% disc to NAV, up 30% since)](https://static.wixstatic.com/media/dec7e6_b8f920d16de0494ab685fa1dd6989ada~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_b8f920d16de0494ab685fa1dd6989ada~mv2.webp)
YCA: Uranium Closed End Fund Arbitrage (Published in 1Q22 for Subs @15% disc to NAV, up 30% since)
![Nielsen Agrees to be Acquired by PE Consortium for $28/share (originally published in 1Q22 for subs)](https://static.wixstatic.com/media/dec7e6_9f5814dc0419440ea2264550a0c65c54~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_9f5814dc0419440ea2264550a0c65c54~mv2.webp)
Nielsen Agrees to be Acquired by PE Consortium for $28/share (originally published in 1Q22 for subs)
![SV / NuScale Nuclear SMR Company (Published 1Q22 as NAV SPAC)](https://static.wixstatic.com/media/dec7e6_6fb10125b9c941f2b149661ea2f51ddf~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_6fb10125b9c941f2b149661ea2f51ddf~mv2.webp)
SV / NuScale Nuclear SMR Company (Published 1Q22 as NAV SPAC)
![LPL Financial (LPLA): Highly Levered Exposure to Front End of Rate Curve (Published 1Q22 to subs)](https://static.wixstatic.com/media/dec7e6_12dc865ad7424ce3bce1f8de86aada21~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_12dc865ad7424ce3bce1f8de86aada21~mv2.webp)
LPL Financial (LPLA): Highly Levered Exposure to Front End of Rate Curve (Published 1Q22 to subs)
![Microsoft Offers $69 billion cash ($95/share) for Activision Blizzard (15% Arb Spread, Part 1)](https://static.wixstatic.com/media/dec7e6_f74fa723dff54474bc7de4bbfbd8c12a~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_f74fa723dff54474bc7de4bbfbd8c12a~mv2.webp)
Microsoft Offers $69 billion cash ($95/share) for Activision Blizzard (15% Arb Spread, Part 1)
![ZIM Valuation Model + Dividend Expectations](https://static.wixstatic.com/media/dec7e6_6a9c6be19cc745b99b24d3c4d933a1a5~mv2.png/v1/fill/w_279,h_279,fp_0.50_0.50,q_95,enc_auto/dec7e6_6a9c6be19cc745b99b24d3c4d933a1a5~mv2.webp)
ZIM Valuation Model + Dividend Expectations
![](https://static.wixstatic.com/media/dec7e6_a30f4388836d4dc296a859ed25e0ef0b~mv2.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/dec7e6_a30f4388836d4dc296a859ed25e0ef0b~mv2.webp)
![What will Powell do (WWPD) on December 14-15th?](https://static.wixstatic.com/media/dec7e6_a30f4388836d4dc296a859ed25e0ef0b~mv2.jpg/v1/fill/w_454,h_341,fp_0.50_0.50,q_90,enc_auto/dec7e6_a30f4388836d4dc296a859ed25e0ef0b~mv2.webp)
What will Powell do (WWPD) on December 14-15th?
![SPAC Catalyst: $JOBY Aviation (published 9/2/21)](https://static.wixstatic.com/media/dec7e6_d70442aa9210415a8c00bad10b104372~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_d70442aa9210415a8c00bad10b104372~mv2.webp)
SPAC Catalyst: $JOBY Aviation (published 9/2/21)
![SOHU Special Situation SOTP Model and Analysis](https://static.wixstatic.com/media/dec7e6_f9497dffb3904f919ab500441a6ead31~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_f9497dffb3904f919ab500441a6ead31~mv2.webp)
SOHU Special Situation SOTP Model and Analysis
![SoFi Deep Dive (20 pgs), Sources of Upside (Galileo, National Bank Charter) & Valuation Analysis](https://static.wixstatic.com/media/dec7e6_5813c2be305c415883a092f6aea3163e~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_5813c2be305c415883a092f6aea3163e~mv2.webp)
SoFi Deep Dive (20 pgs), Sources of Upside (Galileo, National Bank Charter) & Valuation Analysis
![What should we expect from the Federal Reserve on Wednesday, June 16, 2021?](https://static.wixstatic.com/media/dec7e6_582bb1274e6d4ea5a1b063288df40c79~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_582bb1274e6d4ea5a1b063288df40c79~mv2.webp)
What should we expect from the Federal Reserve on Wednesday, June 16, 2021?
![SPACS: What Do Historical Returns Look Like Post De-SPAC?](https://static.wixstatic.com/media/dec7e6_23ca3edf31294be9a5e285495936ceac~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_23ca3edf31294be9a5e285495936ceac~mv2.webp)
SPACS: What Do Historical Returns Look Like Post De-SPAC?
![Inflation's Impact on Financial Assets](https://static.wixstatic.com/media/dec7e6_e9c4df96b0b6455183a602c4040616cd~mv2.png/v1/fill/w_454,h_341,fp_0.50_0.50,q_95,enc_auto/dec7e6_e9c4df96b0b6455183a602c4040616cd~mv2.webp)
Inflation's Impact on Financial Assets
![](https://static.wixstatic.com/media/3206646ceb6b41fa90c3f63279531957.jpg/v1/fill/w_250,h_250,fp_0.50_0.50,q_30,blur_30,enc_auto/3206646ceb6b41fa90c3f63279531957.webp)
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Welcome to the Special Situations Blog!