About this episode
Jeremy Raper, founder of the excellent rapercapital.com and our inaugural guest, makes a repeat appearance on the podcast. We provide an update on his idea from our last podcast (Brag), discuss a potential $300m+ investment he's looking to source, and then dive deep into his later idea, Haier Smart Home German Shares (690D).
Note that BRAG and Haier are both international small cap stocks; please do you own research and nothing in this podcast is investing advice.
Links
Jeremy's first YAVP appearance: https://youtu.be/X-nVRNiSeos
Jeremy's second YAVP appearance: https://youtu.be/PuP_c10B_NI
Chapters
0:00 Intro
4:20 Jeremy's $400 million special situation
8:20 Update on BRAG
13:20 Jeremy's new big position, Haier Smart Home German D-shares (690D)
20:20 Discussion of fungibility of Haier's different shares
25:00 What's the right spread?
30:30 Devil's advocate: why can't the Hong Kong shares keep running?
38:20 Devil's advocate: comparison to SPAC warrant arb
41:05 Devil's advocate: geo-political risk
46:00 Discussion of position structuring (naked long or dirty arb)
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