AlphaSituations-Event/Catalyst Driven Research, AlphaSituations

Robert Sassoon

Robert Sassoon has been an equity analyst for more than twenty years focusing primarily on global special situations. Robert has worked in research for several large sell-side institutions, including Credit Suisse, Natwest Capital Markets and Societe Generale. During his career, he has achieved top 5 rankings in various analyst surveys, including the Extel and Greenwich surveys.

In 2017, Robert founded AlphaSituations, an idea-generating investment research service with the goal of delivering a unique portfolio of ideas to drive client growth and returns by uncovering compelling and highly profitable value propositions as well as lucrative shorter-term trading situations arising from select dislocating corporate restructuring events and catalysts. Currently, the main geographical focus of the research is North America. 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.

AlphaSituations-Event/Catalyst Driven Research

ActivistTalk:An Update On Bed Bath & Beyond (BBBY US) -A Bet On Management Worth Making

ActivistTalk-Bed Bath & Beyond (BBBY US): Why We Think The Pandemic Won't Derail The Turnaround

ActivistTalk:Bed Bath & Beyond-Room For More Share Price Appreciation As Turnaround Gains Momentum

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

<p>The activists who have already claimed a critical victory with a major revamping of <a href="https://www.smartkarma.com/entities/bed-bath-beyond-inc" target="_blank" data-smartkarma-citation="entities:18231:1" rel="noopener">Bed Bath &amp; Beyond (BBBY US)</a>'s management team, have outlined key strategic remedies which appear to represent low hanging fruit that could be readily picked by the company's new management team. However, even after a 55% rebound since the end of October 2019, the shares are trading very cheaply at ~3X Forward EBITDA. This suggests little or no credit for BBBY's turnaround prospects to be led by the recently appointed CEO who was the former Chief Merchandiser at <a href="https://www.smartkarma.com/entities/target-corp" target="_blank" data-smartkarma-citation="entities:20359:1" rel="noopener">Target Corp (TGT US)</a> were he played an integral role in engineering the turnaround seen in the last 3 years at that one-time struggling big-box retailer .</p><p>We believe that this skepticism is misplaced as it was with <a href="https://www.smartkarma.com/entities/target-corp" target="_blank" data-smartkarma-citation="entities:20359:1" rel="noopener">Target Corp (TGT US)</a> and another remarkable recovery play, <a href="https://www.smartkarma.com/entities/best-buy-co-inc" target="_blank" data-smartkarma-citation="entities:20329:1" rel="noopener">Best Buy Co Inc (BBY US)</a>. This has created a deep value proposition with our assessment indicating ~50% upside in BBBY's share price value at the very least as the turnaround progresses over the next 2 to 3 years.</p>

The activists who have already claimed a critical victory with a major revamping of Bed Bath &amp; Beyond (BBBY US)'s management team, have outlined key strategic remedies which appear to represent low hanging fruit that could be readily picked by the company's new management team. However, even after a 55% rebound since the end of October 2019, the shares are trading very cheaply at ~3X Forward EBITDA. This suggests little or no credit for BBBY's turnaround prospects to be led by the recently appointed CEO who was the former Chief Merchandiser at Target Corp (TGT US) were he played an integral role in engineering the turnaround seen in the last 3 years at that one-time struggling big-box retailer .We believe that this skepticism is misplaced as it was with Target Corp (TGT US) and another remarkable recovery play, Best Buy Co Inc (BBY US). This has created a deep value proposition with our assessment indicating ~50% upside in BBBY's share price value at the very least as the turnaround progresses over the next 2 to 3 years.

アクティビストトーク：ベッド・バス・アンド・ビヨンド（BBBY US）に注目 - 市場の懐疑心がなぜチャンスを生み出すのか