SPACs: Post-Merger Survival

This paper studies how institutional characteristics of Specified Purpose Acquisition Companies (SPACs) are related to their post-merger survival. SPACs are unique financial firms that conduct the IPO with the solely purpose to use the proceeds to acquire another private company.

24 Yieldco Stocks: High Dividend Income Without The Fossil Fuel Risk

A reader recently asked if I could point him to a list of all the Yieldcos. The best I could do was point him to a couple presentations I’d made for Yieldco conferences, I’ve added a couple, and one has been bought out since then. I don’t think anyone has compiled a comprehensive list, until … More 24 Yieldco Stocks: High Dividend Income Without The Fossil Fuel Risk

The End of Accounting

When Netflix’s quarterly earnings announcement in April fell short of the consensus estimate of analysts, its share price surprisingly rose almost 18% on the announcement. An investor blackout? No.