AlphaSituations-Event/Catalyst Driven Research, AlphaSituations

Robert Sassoon

AlphaSituations-Event/Catalyst Driven Research

AlphaSituations

Since its establishment, AlphaSituations has delivered a track record of outperformance with a hit rate of winners of more than 70% of its portfolio of ideas generating annualized average returns of 20%. In January 2022, AlphaSituations was contracted by Water Tower Research, an investor engagement and stakeholder communication platform to provide coverage of Special Situations

Event-Driven

Special Purpose Acquisition Companies or SPACs have been making a comeback in the last 3 years, but remain an underappreciated segment of the event-driven sector (as far as we know, they do not yet have an ETF dedicated to them). A SPAC, is essentially a shell company that does not initially own operations of its own, but has the stated purpose to identify and purchase a business that is consistent with the investment objectives of the SPAC. While historically,  SPAC investment interest has embraced a variety of sectors, including healthcare, technology, energy and industrials with mixed results, the two most recently announced SPAC transactions are focused on the North American gaming sector,  one which is starting to generate more interest among investors.This Insight looks in detail at the two transactions announced last month - Diamond Eagle Acquisition Corp (DEAC US)/DraftKings, SBTech and Leisure Acquisition Corp (LACQ US)/GTWY Holdings. While the former creates a unique play on the the fast emerging regulated online sports betting market in the US, the latter provides an opportunity to participate in an above peer average growth proposition at a deeply discounted valuation relative to peers.

Special Purpose Acquisition Companies or SPACs have been making a comeback in the last 3 years, but remain an underappreciated segment of the event-driven sector (as far as we know, they do not yet have an ETF dedicated to them). A SPAC, is essentially a shell company that does not initially own operations of its own, but has the stated purpose to identify and purchase a business that is consistent with the investment objectives of the SPAC. While historically,  SPAC investment interest has embraced a variety of sectors, including healthcare, technology, energy and industrials with mixed results, the two most recently announced SPAC transactions are focused on the North American gaming sector,  one which is starting to generate more interest among investors.This Insight looks in detail at the two transactions announced last month - Diamond Eagle Acquisition Corp (DEAC US)/DraftKings, SBTech and Leisure Acquisition Corp (LACQ US)/GTWY Holdings. While the former creates a unique play on the the fast emerging regulated online sports betting market in the US, the latter provides an opportunity to participate in an above peer average growth proposition at a deeply discounted valuation relative to peers.

United States

Diamond Eagle Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. Diamond Eagle Acquisition serves customers in the United States.

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Diamond Eagle Acquisition (DEAC US)

MergerTalk: Game On For SPACs

Special Purpose Acquisition Companies or SPACs have been making a comeback in the last 3 years, but remain an underappreciated segment of the...

Robert Sassoon

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52-week Range

Market Cap (USDm)

P/E

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