Chewy Inc (CHWY) CEO Sumit Singh Sold $4.3 million of Shares (Guru Focus)
CEO of Chewy Inc, Sumit Singh, sold 70,000 shares of CHWY on 09/08/2020 at an average price of $61.67 a share. The total sale was $4.3 million. Chewy Inc has a market cap of $24.7 billion; its shares were traded at around $61.50 with and P/S ratio of 4.60. GuruFocus has detected 1 severe warning sign with Chewy Inc.
Activist Hedge Fund’s SPAC Starboard Value Acquisition Prices Upsized $360 million IPO at $10 (Nasdaq.com)
Starboard Value Acquisition, a blank check company formed by Starboard Value, raised $360 million by offering 36 million units at $10. The company offered 6 million more units than anticipated. Each unit consists of one share of common stock, one-sixth of a warrant, exercisable at $11.50, and a contingent right to receive at least one-sixth of a warrant. The company may raise an additional $100 million at the closing of an acquisition pursuant to a forward purchase agreement with clients of Starboard Value.
True Beacon’s Hedge Fund Outperformed the Markets. Here’s How (Forbes)
In March as the market fell, True Beacon, a hedge fund, was well positioned to take advantage of the volatility. Over the last year, it has returned 27 percent with almost all its outperformance coming after and on account of the market fall in March. As markets have rallied since then, CIO Nikhil Kamath has increased his hedging and says he may not outperform from here on.
Identifying the Real Opportunities in Real Assets (Preqin.com)
Jeff Eaton, who leads origination at placement agent Eaton Partners, tells us why investors should add real assets strategies to their alternatives allocation. Why are real assets a compelling investment opportunity for investors? We define real assets as those underpinned by hard, tangible assets, which can be very different across real assets strategies. For example, while we would distribute an aviation leasing deal to both private credit and real assets buyers, we would put it in a real assets bucket because the deal is underpinned by the aviation (real) assets. In the majority of cases, these underlying assets are essential to a process, product, or customer, thus making them largely uncorrelated to economic cycles. More often than not, they’re also subject to long-term contracts that produce stable cash flows for long periods of time. This makes them a fundamentally compelling asset and explains why there is so much interest in them.
The Managing Director & Chief Executive Officer of Western Areas (Other OTC: WNARF) is Selling Shares (Analyst Ratings)
Today, the Managing Director & Chief Executive Officer of Western Areas (WNARF), Daniel Richard Lougher, sold shares of WNARF for $174.8K. Following Daniel Richard Lougher’s last WNARF Sell transaction on March 20, 2020, the stock climbed by 0.7%.
Republic Services Inc (RSG) COO Timothy E Stuart Sold $1.4 million of Shares (Guru Focus)
COO of Republic Services Inc, Timothy E Stuart, sold 14,710 shares of RSG on 09/09/2020 at an average price of $95.2 a share. The total sale was $1.4 million. Republic Services Inc is the provider of solid waste management services in the United States. In addition, the company operates landfill gas-to-energy projects, as well as an exploration and production waste business.
