Chris DeMuth's State of the Markets for April 2023

It's time to welcome back Chris DeMuth for his monthly state of the markets. For this April 2023 edition, Chris shares his thoughts on the Spectrum Brands antitrust lawsuit, thoughts on Activision Microsoft following the CMA unexpectedly ruled against the deal, and the Wells Notice sent to Coinbase. For more information about Rangeley Capital, please visit: http://www.rangeleycapital.com/ Chapters: [0:00] Introduction + Episode sponsor: Stream by Alphasense [1:36] What's on Chris' mind for April 2023: AMC, Coinbase, Spectrum Brands, Greyscale Trust [2:33] Spectrum Brands antitrust lawsuit [15:36] Understanding the value on Spectrum Brands if they win or lose the case [23:27] The politics behind the Spectrum Brands case [28:27] Thoughts on Activision Microsoft following the CMA unexpectedly ruled against the deal [34:40] Does Activision want extend the walk date? [37:09] What is a Wells Notice, the Wells Notice sent to Coinbase, their response to the Wells Notice [42:44] What is the timeline and enforcement process now after sending the Wells Notice to Coinbase [46:33] Politics on both sides of the Coinbase argument Today's episode is sponsored by: Stream by Alphasense Are traditional expert calls in the investment world becoming obsolete? According to Stream, they are, and you can access primary research easily and efficiently through their platform. With Stream, you'll have the right insights at your fingertips to make the best investment decisions. They offer a vast library of over 26,000 expert transcripts, powered by AI search technology. Plus, they provide competitive rates on expert call services, and you can even have an experienced buy-side analyst conduct the calls for you. But that's not all. Stream also provides the ability to engage with experts 1-on-1 and get your calls transcribed free-of-charge—all for 40% less than you would pay for 20 calls in a traditional expert network model. So, if you're looking to optimize your research process and increase ROI on investment research spend, Stream has the solution for you. Head over to their website at streamrg.com to learn more. Thanks for listening, and we'll catch you next time. For more information: https://www.streamrg.com/