Idea Thesaurus #1
Idea Thesaurus #1
Weekly Idea Generation Repository - March 17, 2024
Welcome to The Tiger’s Prey and the inaugural issue of the Idea Thesaurus!
In this week’s Idea Thesaurus spreadsheet, you’ll find a comprehensive compilation of 403 stock entries. For a detailed breakdown, both in text and as a PNG, please refer to the sections below. The file is accessible through the following "Download" button:
Feel free to share it with your friends and colleagues. You can find additional information regarding its structure on the TOC worksheet, but if you have any questions, don't hesitate to reach out. All other worksheets are structured similarly, as depicted below for insiders:
As we move forward, I will continuously enhance the quality of the offerings. If you believe that additional information, such as a column for FCF yield, would be beneficial, please feel free to get in touch either through Twitter/X DM (@realTigerCub) or via email at info@thetigersprey.com.
For the week ended Saturday, Mar 16, 2024, there have been a total of 403 stock entries, o/w:
SUPERINVESTORS: 107 stocks from 17 hedge fund portfolios w/ ≤ 50 positions and ≥ 0.5% portfolio weight and investor letters, o/w:
SUPERINVESTOR PORTFOLIO UPDATES: 11 stocks favored, including 5 new positions and 6 additions from 3 hedge funds w/ an avg return of +8.4%.
INVESTOR LETTER MENTIONS: 96 stocks mentioned w/ a directional stance across 14 investor letters.
ACTIVISTS: 9 stocks from 9 activist investors and activist short sellers, o/w:
ACTIVIST HEDGE FUND PRESENCE: 5 stocks targeted by 6 activist investors w/ 2 cooperation agreements, 2 13D activist filings and 1 open letter.
ACTIVIST SHORT CAMPAIGNS: 4 stocks targeted by 3 activist short sellers w/ 1 new, 2 updated and 1 preannounced campaigns.
INSIDERS: 182 stocks from 233 corporate insiders and politicians, o/w:
INSIDER BUYING: 158 stocks bought by 224 insiders, including 18 cluster buys, at an avg cost of $6.0mm, totaling $945.3mm.
POLITICIAN TRADING: 24 stocks traded by 9 politicians w/ 14 long and 10 short transactions at an avg cost of $34k.
WRITE-UP PLATFORMS: 26 stocks from an equivalent number of investment write-ups w/ 21 long and 5 short pitches, o/w:
VALUE INVESTORS CLUB (VIC): 10 stocks featured w/ 9 long and 1 short pitches published w/ a 45-day delay, avging a +2.5% return (adj. for shorts).
SUMZERO: 16 stocks published w/ 12 long and 4 short pitches, avging a -0.3% return (adj. for shorts).
SPECIAL SITUATIONS: 1 stock w/ announced and completed spinoffs and mergers & acquisitions, o/w:
SPINOFFS: 1 stock w/ no new spinoff announcements and 1 odd lot tender offer completion.
MERGERS & ACQUISITIONS: [This section will be covered in future issues]
CASH DISTRIBUTIONS: 19 stocks w/ share buyback announcements and dividend commencements or suspensions, o/w:
STOCK BUYBACKS: 19 stocks w/ share buyback announcements at an avg % of mkt cap of 7.2%, totaling $30.9bn.
DIVIDENDS: [This section will be covered in future issues]
PUBLIC OFFERINGS: 19 stocks w/ announced and completed IPOs and SPAC deals, o/w:
INITIAL PUBLIC OFFERINGS (IPOS): 10 IPOs w/ all announced, 4 priced and none completed and avg exp. proceeds of $199m, totaling $2.0bn.
SPACS & DIRECT LISTINGS: 9 SPAC deals w/ 4 target announcements, avging a +2.3% return, and 5 de-SPACs, avging a -10.3% return.
STOCK MODIFICATIONS: 10 stocks w/ announced and completed splits, reverse splits and stock symbol changes, o/w:
STOCK SPLITS: 7 stocks w/ no splits and 2 announced and 5 completed reverse stock splits (avg split ratio of 1:10).
STOCK TICKER CHANGES: 3 stocks w/ stock ticker changes (5 more covered in the public offerings section).
MISCELLANEOUS: 30 stocks w/ officer resignations, terminations or appointments and index removals or additions, o/w:
EXECUTIVE MOVES: 30 stocks w/ 18 CEO moves and 12 CFO moves.
INDEX RECONSTITUTIONS: [This section will be covered in future issues]
Happy bargain hunting!