We continue to see strong upside in satellite internet provider EchoStar Corp. (SATS) and increase our Model Portfolio holding accordingly. The company has seen increased network demand in this challenging time as more people are staying home due to either lockdown or working from home as a health precaution, and SATS is strategically poised to benefit from this ongoing environment.
05 August 2020
We entered Synnex Corp. (SNX) on the back of insider buying and ahead of its upcoming Spinoff (expected Q4 2020) at the $87 level at the beginning of May 2020. Since then, following a strong earnings beat and a significant rally in a short two months, we are booking our pre-Spin profits of +36% in SNX, with a view to revisit the name once further clarity on the Spinoff is disclosed by the company.
02 July 2020
Alerts are now attached to the distribution emails for convenience. Synnex Corp. (SNX) released strong Q2FY20 earnings yesterday (June 25), beating estimates and providing impressive guidance for next quarter. Since our recommendation on May 1, 2020, on the back of a key insider buying pattern, the stock has returned +19% (vs. the S&P Index's +9% in the same period), and we believe several key factors provide further upside ahead of its planned Q4 2020 Spinoff.
26 June 2020
In order to most effectively communicate our highest conviction ideas to clients and maximize overall performance, we have combined the positions of the Spinoff and Special Situations Model Portfolios, creating the newly unified Catalyst Portfolio. We are also exiting a series of names, details on the full article.
04 June 2020
We see strong upside in satellite internet provider EchoStar Corp. (SATS) as the company sees its network demand increased in this challenging time. As more people are staying home due to either lockdown or working from home as a health precaution, the need for reliable data connection is made apparent and SATS' services are seen as critical to sustain the current working environment.
15 May 2020
We are increasing our Spinoff Model Portfolio holding on Synnex Corp. (SNX), given the value creation opportunities presented by the upcoming Spinoff of the Concentrix segment, as well as the strong returns made by the last time Chairman Matthew Miau bought shares on the open market (2018). His buying then yielded a +85% return, and his more recent purchases flagged our attention and entry into the MP on May 1. The below reiterates our main points on this high conviction name.
11 May 2020
Back in 2018, Synnex Corp. (SNX) Chairman Matthew Miau bought $39m worth of shares on the open market, and made +85% returns. The Coronavirus market effect brought the share price back down near his entry levels, and he has now bought another $9m in shares - demonstrating his conviction in the company's performance even as it has delayed its planned Spinoff to the end of 2020. This positive insider buying trend has prompted us to take a pre-Spin entry in the Model Portfolio.
01 May 2020
With the separation of the BSS unit in an RMT transaction with DISH, SATS has become a Broadband Internet Service Provider company. Another consensus-beating earnings demonstrates the company's strength in breaching into global markets. The growth potential from adding international subscribers and the pending launch of its Jupiter 3 satellite provides upside opportunity for both new and existing investors.
09 March 2020
Provider of technology distribution services Synnex Corp. (SNX) announced it will separate its Concentrix segment into a newly listed company, stating the customer experience provider is strong enough now to stand independently and boost its scale and competitiveness. Meanwhile, SNX (Parent post-Spin) will pursue organic growth (with new products and services planned) and strategic acquisitions to focus on the core business.
16 January 2020
Value investing is dead and The Edge Group is predicting the Catalyst Space as the new trend for 2020. The Edge Group LLC, the global leader in Catalyst, Special Situations and Spinoff research, has acquired substantially all of the assets of WhiteSand Research LLC, offering money managers even greater access to unique market intelligence in the niche Catalyst, Special Situations and Spinoff space.
14 January 2020