Money Stuff: The Podcast Land Rich: EDR, KKR, SPAX.PVT
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Mar 28, 2025 Dive into the intriguing world of financial strategies as Katie and Matt dissect Endeavor’s latest deal and its potential legal ramifications. The duo explores innovative shifts in private equity with KKR’s long-term focus, alongside the booming trend of investing in land amid industrial transformation. They debate the real-time fluctuations of private stock prices and how significant investments are driving modernization across critical sectors. Plus, hear about dodging pesky broker calls and the unpredictable nature of stocks involving cutting-edge companies like OpenAI.
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Endeavor's Unusual Trading Activity
- Endeavor's stock traded above its buyout price before closing, likely due to anticipated lawsuits.
- Carl Icahn bought 8% of the company, possibly to participate in the lawsuit.
Suing for a Better Price
- There are two main ways to sue for a better price: appraisal and a class action lawsuit.
- A class action lawsuit is more likely in Endeavor's case due to the trading activity after the appraisal deadline.
Short Selling Endeavor
- Short sellers profited from Endeavor's closing price being below the last traded price, but they might face clawbacks later.
- Some have successfully avoided these clawbacks in arbitration, creating a risky but potentially lucrative trade.