Louis Camhi, founder and chief investment officer of RLH Capital, returns to Forward Guidance to provide a strategic update on the world of SPACs (Special Purpose Acquisition Companies).
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Timestamps:
(00:00) Introduction
(00:58) "A Lot Of The Optionality of SPACs Is Dead"
(17:25) State of SPAC Dealflow In Summer 2023
(32:08) Warrant Arbitrage
(59:43) SPAC LIquidiation Wave in December 2022 Because of Stock Buyback Tax Threat In Inflation Reduction Act
(01:06:49) "SPACs Are A Bull Market Product"
(01:20:02) How SPAC Yields Have Changed With RIsing Interest Rates
(01:29:17) Macroeconomic Implications
(01:32:07) View on Banks
(01:38:26) Cannabis
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.