The model reminds me ofInternational Business Machines(NYSE:IBM), which milked its mainframe monopoly for years as it sought a pivot into the cloud. Look at a stock chart and you can see that hasn’t worked. IBM is down 8% over the last 10 years. What analysts want is a complete spli...
Of those SPACs that went public since 2009 – the chart above – 564 completed a merger with a target company, such as with Near Intelligence, which now filed for bankruptcy. Another 369 SPACs liquidated and returned the funds to the shareholders of the...
What’s noteworthy of the previous two major dips was that they occurred near the start of new intermediate-term trends favoring value: September 2011 and February 2016. But they also occurred when the broad market was experiencing double digit corrections, with the last pain point being the ...