[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.] [@InvestSpecial](/creator/twitter/InvestSpecial) "Proceeds will be used to pay off debt and potentially return the rest to shareholders. So what's it worth 26k sqft of retail space exepcted to generate $11.1m rental rev with XX% NOI margin on that and cap rate of X% = $155m just for this. Co also has"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1947976245318385664) 2025-07-23 11:05:03 UTC 30K followers, XXX engagements "$STHO drew strong investor interest at the spin but was quickly forgotten. @KonekoResearchs 2024 write-up with a detailed asset breakdown and unique on-site insights put it on SSI radar. The sharp decline since late last year now made it look even more intruiging"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1949753450603954186) 2025-07-28 08:47:01 UTC 30K followers, XXX engagements "Valuing $STHO is tricky given the asset mix (land hotels etc.) and limited disclosures. But recent sales suggest BV may be a decent proxy: 2024: $60M vs $48.7M BV 2023: $72.4M vs $62.7M 2022: $61.8M vs $63.4M 2021: $189M vs $172M Assets sold above book"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1949753460997411321) 2025-07-28 08:47:04 UTC 30K followers, 1427 engagements "4/ $KFS.AX pitch by @GreenhavenRoad $KFS is an overlooked microcap ($225M mcap) running a modernized search fund platform. Led by a sharp turnaround CEO since 2018 theyre acquiring asset-light recurring revenue businesses at 5x EBITDA with $600M+ in tax NOLs as a kicker"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1928010757150527596) 2025-05-29 08:49:19 UTC 30K followers, 4341 engagements "$STHO is a non-core asset spin-off from Safehold REIT (SAFE) completed in early 2023. Right from the start STHO has been structured as a liquidation vehicle aiming to sell off real estate and wind up operations by Q1 2027"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1949753448590643369) 2025-07-28 08:47:01 UTC 30K followers, XXX engagements "New Idea on SSI: Net-Net With Short Term Catalyst. Seemingly typical biopharma burning cash on science but an imminent catalyst could close the wide discount to net cash. Downside protected if a strategic review is forced by frustrated investors including a notable activist"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1948295400458240003) 2025-07-24 08:13:15 UTC 30K followers, 7777 engagements "Thats exactly what happened. A re-rating from a stupidly cheap 0.3x sales to a more reasonable 0.8x EV/Sales combined with meaningful EBIT improvement led to a XXX% return. $KD is a bit too large for me so I cant say with confidence what lies ahead for the company"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1938889988961395185) 2025-06-28 09:19:30 UTC 30K followers, 2260 engagements "Interesting setup over at $CVEO with a highly reputable activist involved. At its core the pitch rests on a combination of hidden assets growing earning power and the presence of a reputable activist Engine Capital (which owns 10%) already driving significant changes in capital allocation. My conservative estimate of upside excluding the value of underutilized assets suggests a XX% gain over XXX years compared to Engine Capitals estimate of 100%+ over the same period. A key aspect of the thesis is the ongoing capital return program. Engine Capital began its campaign in March 2025 pushing"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1945406803250122943) 2025-07-16 08:55:00 UTC 30K followers, 11.8K engagements "As expected Kevin Tangs involvement was there for a reason. $ITOS is being acquired close to the conservative my liquidation value estimate with a cash offer of $10.047/share plus a CVR kicker: excess cash above $475M and XX% of the RemainCo pipeline assets. At the current run rate I dont see a meaningful case for distributions above $475M especially if the unrecognized tax liability is fully booked. That said below $10/share this was a decent optionality buy. Lets see how it plays out over the next few weeks with closing expected in Q3"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1947612164128178592) 2025-07-22 10:58:19 UTC 30K followers, 4917 engagements "A sale appears highly likely. The company has already hired independent evaluators and begun marketing the excess property. The assets are located at XXX Broadway in SoHo so they should be marketable even in the current environment"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1947976242554417158) 2025-07-23 11:05:02 UTC 30K followers, XXX engagements "4) $ARIS pitch by Rewey Water disposal & recycling provider for oil & gas cos. It was trading at 5.4x EBITDA as the mkt saw it as cyclical co tied to oil. Being relatively new it took time for investors to catch on but once they did the stock re-rated to 7.8x EV/2024 EBITDA"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1938889991964295663) 2025-06-28 09:19:31 UTC 30K followers, 2428 engagements "This 'odd lot' type play worked out nicely and faster than expected. You can see the full pitch here:"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1918239767310848272) 2025-05-02 09:42:54 UTC 30K followers, 7280 engagements "$DALN has now turned into an interesting merger arb. The spread to the new $16.50/share cash offer is 11%. The offer appears clearly superior with committed financing and a reputable buyer. Downside to the committed $14/share bid is only 56%. Spread is too wide"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1948671894892544476) 2025-07-25 09:09:18 UTC 30K followers, 17.6K engagements "1) $LEE & Hoffman might already be cooking a deal behind the scenes (likely if this proposal is accepted) or 2) mgmt rejects it files Ch.11 keeps control during BK and screws Hoffman + equity holders (as theyve done before). anyways this is a fun case to follow"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1947944290161770718) 2025-07-23 08:58:04 UTC 30K followers, 2650 engagements "Hidden RE play over at $SCHL Prominent publisher and distributor of children's books is looking to monetize its prime NYC real estate assets. The sale of excess capacity at its HQs + retail space could fetch $200250m. Operations at 4x EV/EBITDA with zero net debt. 👇"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1947976239832010964) 2025-07-23 11:05:01 UTC 30K followers, 14.2K engagements "STHO owns land lots being sold off gradually and $216M in SAFE shares. But hotel ops mgmt fees and other costs lead to heavy cash burn dragging out the liquidation only worsens the value erosion"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1949753452680146985) 2025-07-28 08:47:02 UTC 30K followers, XXX engagements "Mgmt is protected by a $55M termination fee if dropped without cause before Mar 2027. After that $STHO could be vulnerable to activist pressure esp. if performance lags. XX% of shares are held by small/mid hedge funds and asset managers"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1949753458791207193) 2025-07-28 08:47:03 UTC 30K followers, XXX engagements "Pure-play net-net biopharma plays with announced strategic reviews seem to be disappearing fast. Tang Capital has been especially active recently picking up a number of these names including $CRGX $KRON $IGMS and $ELEV. Recently $EPIX agreed to a similar type of setup. Some broken biopharmas pivoted into crypto treasury plays like $SONN which was up 10x on that deal. Yes thats the world we live inbut I digress. Not many of these plays remain on the market. So it might be worth looking into setups that are trading at massive discounts but still have not announced any strategic shifts or"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1946130824211931376) 2025-07-18 08:52:00 UTC 30K followers, 7157 engagements "Key point: SAFE STHOs external manager has tiered fees to discourage delays $25M $15M $10M $5M over X yrs ending Q1 2027. After that it drops to X% of GAV (ex-SAFE shares) or $7M/yr at current levels. The longer this drags the less they get paid"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1949753456857690436) 2025-07-28 08:47:03 UTC 30K followers, XXX engagements "For example he recently acquired $JNCE a busted biopharma going through a value-destructive reverse merger. As usual he offered to buy it at a slight discount to net cash plus XX% of CVR. Now he is trying to execute the same strategy at $AVIR. 13D:"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1661652436493164545) 2023-05-25 08:36:27 UTC 30K followers, 3776 engagements "Cash burn makes timeline the key variable. Original liquidation target was Q1 2027 but slow asset sales and debt maturity extensions to Mar 2028 suggest delays. Still I dont expect it to drag far beyond 2027 likely outcome falls between base and bear cases"  [@InvestSpecial](/creator/x/InvestSpecial) on [X](/post/tweet/1949753454773080288) 2025-07-28 08:47:02 UTC 30K followers, XXX engagements
[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]
@InvestSpecial
"Proceeds will be used to pay off debt and potentially return the rest to shareholders. So what's it worth 26k sqft of retail space exepcted to generate $11.1m rental rev with XX% NOI margin on that and cap rate of X% = $155m just for this. Co also has"
@InvestSpecial on X 2025-07-23 11:05:03 UTC 30K followers, XXX engagements
"$STHO drew strong investor interest at the spin but was quickly forgotten. @KonekoResearchs 2024 write-up with a detailed asset breakdown and unique on-site insights put it on SSI radar. The sharp decline since late last year now made it look even more intruiging" @InvestSpecial on X 2025-07-28 08:47:01 UTC 30K followers, XXX engagements
"Valuing $STHO is tricky given the asset mix (land hotels etc.) and limited disclosures. But recent sales suggest BV may be a decent proxy: 2024: $60M vs $48.7M BV 2023: $72.4M vs $62.7M 2022: $61.8M vs $63.4M 2021: $189M vs $172M Assets sold above book" @InvestSpecial on X 2025-07-28 08:47:04 UTC 30K followers, 1427 engagements
"4/ $KFS.AX pitch by @GreenhavenRoad $KFS is an overlooked microcap ($225M mcap) running a modernized search fund platform. Led by a sharp turnaround CEO since 2018 theyre acquiring asset-light recurring revenue businesses at 5x EBITDA with $600M+ in tax NOLs as a kicker" @InvestSpecial on X 2025-05-29 08:49:19 UTC 30K followers, 4341 engagements
"$STHO is a non-core asset spin-off from Safehold REIT (SAFE) completed in early 2023. Right from the start STHO has been structured as a liquidation vehicle aiming to sell off real estate and wind up operations by Q1 2027" @InvestSpecial on X 2025-07-28 08:47:01 UTC 30K followers, XXX engagements
"New Idea on SSI: Net-Net With Short Term Catalyst. Seemingly typical biopharma burning cash on science but an imminent catalyst could close the wide discount to net cash. Downside protected if a strategic review is forced by frustrated investors including a notable activist" @InvestSpecial on X 2025-07-24 08:13:15 UTC 30K followers, 7777 engagements
"Thats exactly what happened. A re-rating from a stupidly cheap 0.3x sales to a more reasonable 0.8x EV/Sales combined with meaningful EBIT improvement led to a XXX% return. $KD is a bit too large for me so I cant say with confidence what lies ahead for the company" @InvestSpecial on X 2025-06-28 09:19:30 UTC 30K followers, 2260 engagements
"Interesting setup over at $CVEO with a highly reputable activist involved. At its core the pitch rests on a combination of hidden assets growing earning power and the presence of a reputable activist Engine Capital (which owns 10%) already driving significant changes in capital allocation. My conservative estimate of upside excluding the value of underutilized assets suggests a XX% gain over XXX years compared to Engine Capitals estimate of 100%+ over the same period. A key aspect of the thesis is the ongoing capital return program. Engine Capital began its campaign in March 2025 pushing" @InvestSpecial on X 2025-07-16 08:55:00 UTC 30K followers, 11.8K engagements
"As expected Kevin Tangs involvement was there for a reason. $ITOS is being acquired close to the conservative my liquidation value estimate with a cash offer of $10.047/share plus a CVR kicker: excess cash above $475M and XX% of the RemainCo pipeline assets. At the current run rate I dont see a meaningful case for distributions above $475M especially if the unrecognized tax liability is fully booked. That said below $10/share this was a decent optionality buy. Lets see how it plays out over the next few weeks with closing expected in Q3" @InvestSpecial on X 2025-07-22 10:58:19 UTC 30K followers, 4917 engagements
"A sale appears highly likely. The company has already hired independent evaluators and begun marketing the excess property. The assets are located at XXX Broadway in SoHo so they should be marketable even in the current environment" @InvestSpecial on X 2025-07-23 11:05:02 UTC 30K followers, XXX engagements
"4) $ARIS pitch by Rewey Water disposal & recycling provider for oil & gas cos. It was trading at 5.4x EBITDA as the mkt saw it as cyclical co tied to oil. Being relatively new it took time for investors to catch on but once they did the stock re-rated to 7.8x EV/2024 EBITDA" @InvestSpecial on X 2025-06-28 09:19:31 UTC 30K followers, 2428 engagements
"This 'odd lot' type play worked out nicely and faster than expected. You can see the full pitch here:" @InvestSpecial on X 2025-05-02 09:42:54 UTC 30K followers, 7280 engagements
"$DALN has now turned into an interesting merger arb. The spread to the new $16.50/share cash offer is 11%. The offer appears clearly superior with committed financing and a reputable buyer. Downside to the committed $14/share bid is only 56%. Spread is too wide" @InvestSpecial on X 2025-07-25 09:09:18 UTC 30K followers, 17.6K engagements
"1) $LEE & Hoffman might already be cooking a deal behind the scenes (likely if this proposal is accepted) or 2) mgmt rejects it files Ch.11 keeps control during BK and screws Hoffman + equity holders (as theyve done before). anyways this is a fun case to follow" @InvestSpecial on X 2025-07-23 08:58:04 UTC 30K followers, 2650 engagements
"Hidden RE play over at $SCHL Prominent publisher and distributor of children's books is looking to monetize its prime NYC real estate assets. The sale of excess capacity at its HQs + retail space could fetch $200250m. Operations at 4x EV/EBITDA with zero net debt. 👇" @InvestSpecial on X 2025-07-23 11:05:01 UTC 30K followers, 14.2K engagements
"STHO owns land lots being sold off gradually and $216M in SAFE shares. But hotel ops mgmt fees and other costs lead to heavy cash burn dragging out the liquidation only worsens the value erosion" @InvestSpecial on X 2025-07-28 08:47:02 UTC 30K followers, XXX engagements
"Mgmt is protected by a $55M termination fee if dropped without cause before Mar 2027. After that $STHO could be vulnerable to activist pressure esp. if performance lags. XX% of shares are held by small/mid hedge funds and asset managers" @InvestSpecial on X 2025-07-28 08:47:03 UTC 30K followers, XXX engagements
"Pure-play net-net biopharma plays with announced strategic reviews seem to be disappearing fast. Tang Capital has been especially active recently picking up a number of these names including $CRGX $KRON $IGMS and $ELEV. Recently $EPIX agreed to a similar type of setup. Some broken biopharmas pivoted into crypto treasury plays like $SONN which was up 10x on that deal. Yes thats the world we live inbut I digress. Not many of these plays remain on the market. So it might be worth looking into setups that are trading at massive discounts but still have not announced any strategic shifts or" @InvestSpecial on X 2025-07-18 08:52:00 UTC 30K followers, 7157 engagements
"Key point: SAFE STHOs external manager has tiered fees to discourage delays $25M $15M $10M $5M over X yrs ending Q1 2027. After that it drops to X% of GAV (ex-SAFE shares) or $7M/yr at current levels. The longer this drags the less they get paid" @InvestSpecial on X 2025-07-28 08:47:03 UTC 30K followers, XXX engagements
"For example he recently acquired $JNCE a busted biopharma going through a value-destructive reverse merger. As usual he offered to buy it at a slight discount to net cash plus XX% of CVR. Now he is trying to execute the same strategy at $AVIR. 13D:" @InvestSpecial on X 2023-05-25 08:36:27 UTC 30K followers, 3776 engagements
"Cash burn makes timeline the key variable. Original liquidation target was Q1 2027 but slow asset sales and debt maturity extensions to Mar 2028 suggest delays. Still I dont expect it to drag far beyond 2027 likely outcome falls between base and bear cases" @InvestSpecial on X 2025-07-28 08:47:02 UTC 30K followers, XXX engagements