Nearly half of outstanding shares of $LNW traded today driven by heavy index selling and the stock was down... < 4%? Not the obvious trade I was expecting

Barclays upgraded $MAGN debt on Nov 4th

Although why the 20% discount to VWAP? If Malone wanted this to himself, he could use a strike above market price right?

$GLIBK The tax asset created from the step-up basis needs earnings to monetize. You need M&A to get the earnings. You need cash to do M&A. Many rights offerings don't turn out well, but monetizing tax assets generally works well for shareholders (think NOL shells)

$MAGN debt spreads up >250bps in the past month. This is what is driving the stock down, not year end tax selling.

$CAL removed from the S&P Smallcap index this week. There is clear forced selling, but revenue has been declining and management's plan to cut costs paired with a recent acquisition doesn't seem like a compelling turnaround story to me

What a warning. I can't believe $FNMA was only down 5% on this

I love this strategy 1) It backtests well even with a few losers 2) There are a few uplistings every year on average 3) It is clear why it works Despite his following I assure you almost no one will screen for these regularly like he suggests. It's boring!

$BBBY Marcus Lemonis led turnaround with ex-meme ticker will dividend warrants next week struck at $15.50. Collection of defunct household names + Overstock crypto assets. Could be interesting?

Revisiting $MAGN after its Nov ’24 spin forced index selling. Insiders bought in May/June around $12-15, and it joined the Russell 3000 in June. But fundamentals have lagged. Management cut EBITDA guidance in May. Patience required, or time to move on?

Turns out I'm wrong...Malone buys more $GLIBK

$GLIBK likely in a blackout period for Directors including Malone. Don't expect more insider purchases until post-Q3 earnings

S&P SmallCap rebalancing takes effect Monday Sept 22 at the open, so expect funds to sell this Friday. While you might expect removed stocks to be bargains, over the past 3 years they’ve outperformed the index by only ~1.2% over 3 months post-removal. Not that interesting...

John Malone said in June $GLIBK should trade at a premium to $CHTR (then 7x EV/EBITDA). He’s been buying under $36. A 7x multiple = 50%+ upside, downside supported by Malone. Shares may face pressure from LBRDK arb selling (hard to prove) + Starlink comp concerns

Associated Capital ($ACGP, formerly $AC) moved from NYSE to OTC on Friday. A collection of investments + a small money management business, it trades at ~71% of book value here despite consistent capital returns via share repurchases. Forced selling likely a factor

BBX Capital’s super-voting Class B shares $BBXIB are trading at $9...over 150% premium to Class A $BBXIA, despite being 1:1 convertible. Unusual volume, no news. Recently deregistered 🤔

$SPLP-PA got dumped by $PFF at the close yesterday as it moved to OTC. YTM went into the high teens for a low risk preferred. Still cheap today, but the K-1...

$IRWD seeing technical selling pressure from S&P small-cap funds with $CALF ETF exiting a substantial position on Friday. Delinquent 10-K may invite a delisting notice from Nasdaq which could eventually bring even more selling from passive holders. Valuation seems interesting.

KEDM: $4,000/year @ToffCap's weekly monitor: Free 🤔