Excellent summary; I really appreciate the focus on underlying business question (potential secular shift in growth) in addition to the ‘arb’ and statistically cheap valuation. I think a lot of very smart people have big long positions (Baupost I think?). But this concise summary made me wonder whether LSXMK short is worth considering. What is the positive surprise from here?
Excellent summary; I really appreciate the focus on underlying business question (potential secular shift in growth) in addition to the ‘arb’ and statistically cheap valuation. I think a lot of very smart people have big long positions (Baupost I think?). But this concise summary made me wonder whether LSXMK short is worth considering. What is the positive surprise from here?
Excellent summary; I really appreciate the focus on underlying business question (potential secular shift in growth) in addition to the ‘arb’ and statistically cheap valuation. I think a lot of very smart people have big long positions (Baupost I think?). But this concise summary made me wonder whether LSXMK short is worth considering. What is the positive surprise from here?