MI156: Masterclass on SPACs w/ David Sherman
The Intrinsic Value Podcast - The Investor’s Podcast Network
00:00
What Are Spacks and How Do They Work?
Investing in spacks is almost like a bet on management for them to go out and find a good deal. If the ia has ten dollars or more in trust and it's invested in treasuries, and you buy it below the value, which is ten dollars or less, by definition, what you really have asyou have a zero coupon bond with a fixed matority of two years or less. And if they announce a deal sooner, you get your money back sooner.
Transcript
Play full episode
