AlphaSituations-Event/Catalyst Driven Research, AlphaSituations

Robert Sassoon

Robert Sassoon has been an equity analyst for more than twenty years focusing primarily on global special situations. Robert has worked in research for several large sell-side institutions, including Credit Suisse, Natwest Capital Markets and Societe Generale. During his career, he has achieved top 5 rankings in various analyst surveys, including the Extel and Greenwich surveys.

In 2017, Robert founded AlphaSituations, an idea-generating investment research service with the goal of delivering a unique portfolio of ideas to drive client growth and returns by uncovering compelling and highly profitable value propositions as well as lucrative shorter-term trading situations arising from select dislocating corporate restructuring events and catalysts. Currently, the main geographical focus of the research is North America. Since its establishment, AlphaSituations has delivered a track record of outperformance with a hit rate of winners of more than 70% of its portfolio of ideas generating annualized average returns of 20%.

In January 2022, AlphaSituations was contracted  by Water Tower Research,  an investor engagement and stakeholder communication platform to provide coverage of Special Situations.

AlphaSituations-Event/Catalyst Driven Research

Genworth Financial – Wrong Time For An Aussie Fail

SpinTalk: How Genworth Financial Holdings (GNW US)Creates More Value Without The Oceanwide Merger

SpinTalk: Catalyst For Undervalued Genworth Financial With Mortgage Insurance Business IPO Imminent

MergerTalk: China Oceanwide/Genworth Update-The Wealth Spread

Genworth Financial – Extending and Pretending Again

AlphaSituations

Since its establishment, AlphaSituations has delivered a track record of outperformance with a hit rate of winners of more than 70% of its portfolio of ideas generating annualized average returns of 20%. In January 2022, AlphaSituations was contracted by Water Tower Research, an investor engagement and stakeholder communication platform to provide coverage of Special Situations

Event-Driven

Genworth Financial Inc Cl A / Event-Driven

<p>Following a series of optimistic updates about China Oceanwide's progress towards raising the required funds to finally complete its acquisition of <a href="https://www.smartkarma.com/entities/genworth-financial-inc-cl-a" target="_blank" data-smartkarma-citation="entities:3876:1" rel="noopener">Genworth Financial Inc Cl A (GNW US)</a>,  the deal appears to be back on life support at best.  But, while the more than 30% drop in the GNW share price in reaction to the latest development suggest otherwise,  we believe GNW  is far less dependent on a succesful  outcome for this transaction than it was 4 years ago when the merger was announced. </p><p>On November 30, 2020, we publish an insight -<a href="https://www.smartkarma.com/insights/mergertalk-broken-deals-do-not-necessarily-lead-to-broken-investments" target="_blank" rel="noopener">MergerTalk:Broken Deals Do Not Necessarily Lead To Broken Investments</a>- which highlighted a snapshot study we copnducted revealing that broken deals merger deals could turn out better for target company shareholders down the road. Indeed, our valuation assessment set out below and based on what we believe are conservative assumptions indicates that fair value for GNW is higher than the offer price still on the table by Oceanwide.  So, unless Oceanwide can complete the final steps and consummate the acquisition in fairly short order, we would go as far as to say that it may now be more beneficial to GNW shareholders for the company to walk away from the deal.</p>

Following a series of optimistic updates about China Oceanwide's progress towards raising the required funds to finally complete its acquisition of Genworth Financial Inc Cl A (GNW US),  the deal appears to be back on life support at best.  But, while the more than 30% drop in the GNW share price in reaction to the latest development suggest otherwise,  we believe GNW  is far less dependent on a succesful  outcome for this transaction than it was 4 years ago when the merger was announced. On November 30, 2020, we publish an insight -MergerTalk:Broken Deals Do Not Necessarily Lead To Broken Investments- which highlighted a snapshot study we copnducted revealing that broken deals merger deals could turn out better for target company shareholders down the road. Indeed, our valuation assessment set out below and based on what we believe are conservative assumptions indicates that fair value for GNW is higher than the offer price still on the table by Oceanwide.  So, unless Oceanwide can complete the final steps and consummate the acquisition in fairly short order, we would go as far as to say that it may now be more beneficial to GNW shareholders for the company to walk away from the deal.

MergerTalk:Why Genworth Financial Should Now Consider Breaking Off Its Engagement To China Oceanwide