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Asif Suria Profile
Asif Suria

@AsifSuria

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Multi-strategy investor and founder of @InsideArbitrage . Subscribe for free to receive our monthly "Buyback Wednesdays" and "C-Suite Transitions" articles.

San Francisco Bay Area
Joined March 2009
Don't wanna be here? Send us removal request.
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@AsifSuria
Asif Suria
4 months
Book Launch Today: The Event-Driven Edge in Investing Last year I met a friend for lunch in Silicon Valley. After working at Google for several years he decided to retire and was checking things off his bucket list. One of the items on his list was going to the Berkshire
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@AsifSuria
Asif Suria
8 months
Very excited to announce that my first book "The Event-Driven Edge in Investing: Six Special Situation Strategies to Outperform the Market" is now available on Amazon and Target to pre-order before the May 21, 2024 release date.
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@AsifSuria
Asif Suria
2 years
It is remarkable how similar the current banking crisis appears to be compared to the Savings & Loan crisis of the late 1980s/early 90s. $FRC $CS $UBS
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@AsifSuria
Asif Suria
5 months
Finally got a chance to meet ⁦ @Greenbackd ⁩ in person at the Markel brunch in Omaha today. $MKL
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@AsifSuria
Asif Suria
5 months
When it comes to insider buying and selling, the insiders of Carvana have impeccable timing. $CVNA They were selling hand over fist when the stock was trading well above $300 in 2021 and turned around and were buyers when the stock dropped into the $20s in mid-2022 and once
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@AsifSuria
Asif Suria
11 months
A 17.3% spread on the Capri - Tapestry merger is the strangest thing I have seen in the arb world in a while. Is the FTC concerned that consumers might suddenly have to start paying more for their Jimmy Choos or heaven forbid that Versace $1,175 travel cup? $CPRI $TPR
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@AsifSuria
Asif Suria
1 year
With the guru @mariogabelli in Omaha
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@AsifSuria
Asif Suria
6 months
Announcing the first acquisition by Inside Arbitrage!!! I am super excited to announce the very first acquisition by Inside Arbitrage. A few months ago the brilliant value investor @SajKarsan decided to part ways with his project Conference Call Transcripts (CCT), and guess
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@AsifSuria
Asif Suria
3 years
Listened to the Super Investors podcast featuring Kiril Sokoloff's interview by @jessefelder this week and loved it. Thank you Jesse.
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@AsifSuria
Asif Suria
1 year
"The amount of raw materials in one long-range battery electric vehicle could instead be used to make 6 plug-in hybrid electric vehicles or 90 hybrid electric vehicles." $TM $TSLA
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@AsifSuria
Asif Suria
5 months
I just got back from the annual pilgrimage to Omaha, Nebraska also known as the Berkshire Hathaway annual shareholders meeting. The event, which was attended by more than 40,000 investors, was a celebration of capitalism, a celebration of generosity and more importantly a
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@AsifSuria
Asif Suria
6 years
Bold claim: “we believe that Tesla will be forced into bankruptcy protection from its creditors by ...” $TSLA
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@AsifSuria
Asif Suria
2 years
The energy guys are back at it again. I was reviewing insider purchases last night for our daily event-driven monitor article and noticed purchases from three different energy insiders. 1/n
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@AsifSuria
Asif Suria
2 years
Story about the biggest investment mistake I made, where I gave up gains of over 22,000% and 6 other behavioral errors that can have a significant impact on your investing outcomes. 1/n
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@AsifSuria
Asif Suria
9 months
The $SAVE decision sucks and doesn't make a lot of sense. The concentrated arb funds got this one right.
@LionelHutz_Esq
Lionel Hutz
9 months
$SAVE merger permanently enjoined. Gotta say I’m surprised by this one. Reading through the decision now.
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@AsifSuria
Asif Suria
8 years
18 years after coming here as a graduate student, took my oath today and registered to vote. #newUScitizen
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@AsifSuria
Asif Suria
2 years
With several large retailers reporting earnings last week and this week, a tale of two retailers has emerged. I decided to do a thread of two groups, one where gross margins are increasing and forecasts are optimistic and a second group with declining gross margins. 1/n
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@AsifSuria
Asif Suria
7 months
Buffett's comments about $OXY in the Berkshire Hathaway letter that came out today: "At yearend, Berkshire owned 27.8% of Occidental Petroleum’s common shares and also owned warrants that, for more than five years, give us the option to materially increase our ownership at a
@AsifSuria
Asif Suria
7 months
The massive energy deals we have seen in recent months including: Chevron's $CVX $60 billion acquisition of Hess $HES Exxon's $XOM $64.5 billion acquisition of Pioneer Natural Resources $PXD Diamondback Energy's $FANG $26 billion acquisition of Endeavor Energy Resources
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@AsifSuria
Asif Suria
4 years
“Games are won by players who focus on the playing field - not by those whose eyes are glued to the scoreboard.”
@10kdiver
10-K Diver
4 years
24/ In Buffett's 2013 letter, he beautifully describes this kind of fundamental thinking using 2 non-stock investing examples from his own life -- a farm in Omaha and an apartment complex in New York. Link: Pics:
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@AsifSuria
Asif Suria
4 years
The Apple store at midday.
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@AsifSuria
Asif Suria
7 years
After writing about the merger arbitrage and insider trading strategies every week for over seven years, I am very excited to launch a new premium product on today:
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@AsifSuria
Asif Suria
2 years
We like to see insider purchases by CFOs and purchases by General Counsels of companies. We also like cluster purchases by multiple insiders.
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@AsifSuria
Asif Suria
1 month
Finally hit that 10K follower threshold thanks to generous support from @jessefelder @stockspinoffss @InvestSpecial @AndrewRangeley @Greenbackd @Tiagogreis and too many other accounts to name. I hear magic starts to happen once you reach that threshold!
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@AsifSuria
Asif Suria
3 years
A cluster of insider purchases at Intel today with 5 different insiders buying shares including their CEO $INTC
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@AsifSuria
Asif Suria
1 year
Vail is amazingly beautiful in the summer
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@AsifSuria
Asif Suria
7 months
@kouroshshafi There is an option to specify that is for friends and there is no charge for it. Unless I am missing something.
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@AsifSuria
Asif Suria
1 month
Powerful stuff $CPRI $TPR (emphasis mine): "In Plaintiff’s alternate universe, after the transaction closes, consumers shopping for a Michael Kors handbag priced at $295 will have to pay at least $383.50 because Tapestry will be able to jack up prices by as much as 30%, and
@BobVH33
Bob
1 month
$CPRI This should be fun...
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@AsifSuria
Asif Suria
2 years
@WillManidis @TrevorACourtney Those days are long gone. They wisened up quickly after a 90% decline in the stock price. $CVNA
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@AsifSuria
Asif Suria
4 years
The President of the closed end funds Royce Value Trust $RVT and Royce Micro-Cap Trust $RMT bought shares yesterday. I looked them up and both are trading at double digit discounts to NAV.
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@AsifSuria
Asif Suria
10 months
An amazingly insightful thread about the $SAVE $JBLU trial. Thank you!
@6d617474
Rayfinkle
10 months
I've spoken to three big law antitrust defense attorneys over the past few weeks with respect to $JBLU / $SAVE case. Each has experience litigating against the DOJ, and two have worked on major airline M&A. In case helpful.... (1/21)
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@AsifSuria
Asif Suria
2 years
As Rich Howe of @stockspinoffss has pointed out before, it pays to pay attention to insider buying in beaten down spinoffs. Two insiders of the new Warner Bros. Discovery just filed insider purchases after hours today. $WBD
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@AsifSuria
Asif Suria
1 year
The snowboarder is extremely lucky. The skier is amazing. h/t @DrCamRx
@DeL2000
DeL2000
1 year
This man is a HERO‼️ Francis Zuber ‘s headcam shows him rescuing a snowboarder who was buried head down in deep powder at Mt. Baker, Washington! Luckily, he spotted him as he almost passed him. #skiing #snowboarding
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@AsifSuria
Asif Suria
2 years
The latest twist to the acquisition of Twitter $TWTR by @elonmusk provides a good background for a thread about the Merger Arbitrage strategy. A 🧵👇1/n
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@AsifSuria
Asif Suria
7 years
CEO of Verisk Analytics makes a $2 million purchase. A company with 38% operating margins and nearly 30% ROE. $VRSK
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@AsifSuria
Asif Suria
3 years
Starting to see some interesting insider purchases come through. Three insiders of Douglas Elliman including the CFO and COO filed insider purchases after hours today. $DOUG
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@AsifSuria
Asif Suria
2 years
Excellent Q2 letter by @ChrisPavese of Broyhill Asset Management. Couldn't agree more about where we are in the current cycle.
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@AsifSuria
Asif Suria
1 year
Got to spend time with both Buffett and Munger
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@AsifSuria
Asif Suria
2 years
The Charles Schwab insiders continue buying. Another purchase filed today. $SCHW
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@AsifSuria
Asif Suria
1 year
It took over 13 years to get to 6,999. The last thousand took a little more than six months. Obviously @jessefelder made a huge difference in getting me to 8,000 followers. Not sure if my content is resonating or this is just how it is with Twitter
@AsifSuria
Asif Suria
2 years
6,999. One more to go.
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@AsifSuria
Asif Suria
1 year
We don't often see insider buying in Nike $NKE and so it was surprising to see a director pick up $1.26 million worth of stock at an average price of $96.13 according to a form 4 filed last night. The insider buying stock is Bob Swan, the ex-CEO of Intel who joined Nike's board
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@AsifSuria
Asif Suria
1 year
Both @BluthCapital and @puppyeh1 had this $GETY situation right. I just called the Boston-based Trillium Asset Management and they have not made an offer for $GETY
@BluthCapital
Oh Come On!
1 year
@AsifSuria @InsideArbitrage Thank LinkedIn profile has been commenting links to his PR releases on unrelated posts. Also been pumping $GETY buyout rumors 4 mos ago.
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@AsifSuria
Asif Suria
2 years
Looks like Twitter is going to lose its soul and finally get monetized in private hands. Congratulations to all arbs who stayed long through this process. $TWTR
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@AsifSuria
Asif Suria
4 years
This is fascinating. $IBKR customers are net short the market selling out of the money call options and Robinhood customers are on the other side of that trade? Things are going to get very interesting in the next few days.
@CNBCTechCheck
TechCheck
4 years
"Our customers are traditionally always long the market. A week ago, it has changed," says @IBKR 's Thomas Peterffy. "It has never happened in our history that our customers as a whole were net short the market, but as of yesterday, that is the case. " @CNBC
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@AsifSuria
Asif Suria
5 months
At the Gabelli breakfast before the Berkshire meeting and they have @QCompounding on the panel this year!
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@AsifSuria
Asif Suria
2 years
Was out bowling yesterday and was reminded of that bowling company that went public through a SPAC combination. Just pulled it up and $BOWL is up 46% this year. One of the few SPACs that actually went on to do ok.
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@AsifSuria
Asif Suria
7 years
Spinoffs - A Favorite Of Joel Greenblatt via @valuewalk And if you decide to dig into Spinoffs, you can find the list of upcoming spinoffs here:
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@AsifSuria
Asif Suria
4 years
We don't often see insider buying at Berkshire Hathaway but it was interesting to see a long serving director buy shares according to a filing today: $BRK.A $BRK.B
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@AsifSuria
Asif Suria
4 years
It was interesting to see that for the full month of October, 7 out of the top 10 insider sales were all from the technology sector. In contrast, the purchases were distributed across 6 different sectors. For September, half of the top 10 sales were from the technology sector.
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@AsifSuria
Asif Suria
1 year
It was an excellent day to be on the Russian River today
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@AsifSuria
Asif Suria
8 years
Launched a new feature today that lets you see news and SEC filings for all active mergers or specific ones:
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@AsifSuria
Asif Suria
1 year
Starting to enjoy using Bard now. Love the way it formats the data. $INDA $EPI $INDY $NFTY
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@AsifSuria
Asif Suria
9 months
@UpslopeCapital @hmeisler I just finished computing this for our Insider Weekends article. The sell/buy ratio jumped to an unusually high 219. The jump was primarily because insider buying was muted at just $3.5 million during the holiday shortened weekend. Sales were $765 million and sell than usual.
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@AsifSuria
Asif Suria
2 years
Today we added a new feature to InsideArbitrage where you can see which of the 268 funds we are tracking have a position in a specific company like $ATVI or $ONEM from our symbol metrics page.
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@AsifSuria
Asif Suria
10 months
A little premature to send this out? $ALK $HA $SAVE $JBLU
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@AsifSuria
Asif Suria
2 years
Starting to see additional insider buying in tech and tech adjacent stocks. Director of Crowdstrike, Roxanne Austin, picked up $3.37 million worth of stock according to a filing yesterday. So did a Director of Silicon Valley Bank. $CRWD $SIVB
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@AsifSuria
Asif Suria
1 year
Merger Monday coming in hot this morning. Five new all cash mergers announced including two multi-billion dollar deals: $SOVO $VRTV $TRHC $FRGI and $SQNS
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@AsifSuria
Asif Suria
1 year
Another insider purchase that stood out from the more than 50 companies I looked at last night was lithium and bromine producer Ablemarle $ALB The CEO and the General Counsel bought shares. Revenue grew triple digits in each of the last three quarters. Forward P/E 8.45.
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@AsifSuria
Asif Suria
3 months
Today is a special day! Time to bring out the adrak chai and samosas for @ParikPatelCFA
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@AsifSuria
Asif Suria
2 years
It is fascinating to watch @tobi , the CEO of @Shopify , continue to buy shares of @coinbase through a 10b5-1 plan even as other insiders including the CEO, the CFO, etc. continue selling shares. All the "P" icons on this chart are his purchases. $COIN $SHOP
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@AsifSuria
Asif Suria
2 years
What is the bear case for Crocs $CROX? The stock keeps going down, appears incredibly cheap (forward P/E below 6) and three different insiders including the CFO purchased shares this month. No position but wondering if I am missing something.
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@AsifSuria
Asif Suria
2 months
Drill, baby, drill! Frederik Wilhelm Mohn a Director of oil and gas drilling company Transocean (RIG), purchased 2 million shares at an average price of $5.23 totaling $10.46 million. These shares were purchased indirectly via Perestroika Ltd.
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@AsifSuria
Asif Suria
2 years
I don't think I have seen anything like what is happening to Silicon Valley Bank since the 2008-2009 financial crisis. If this report is true, then it feels like a bank run has already started. $SIVB
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@AsifSuria
Asif Suria
8 years
So @jack buys $7 million worth of Twitter and it looks impressive. But he also sold $15.72 million worth of stock in 2014-2015. $TWTR
@jack
jack
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@AsifSuria
Asif Suria
1 year
There is a company called American Homes 4 Rent $AMH that did exactly this and at around the same time as well. Was founded by the founder of Public Storage $PSA Wrote about it in 2018:
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@brentmuio
Brent Muio
1 year
Buffett made this comment in 2012, but why? The answer is simple, not well understood and relevant today. Single family homes were selling well below replacement cost. Why is replacement cost so important to real asset (real estate, infrastructure) investing? Let's explore👇
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@AsifSuria
Asif Suria
1 year
I am very excited to launch a new service that I have been working on for the last several months with my friend Shailesh. The service which will start on October 2nd, is focused on income-oriented investors and is priced very low with the first three months free through the
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@AsifSuria
Asif Suria
5 months
One week to go! From data the publisher shared with me through the end of April, I am pleasantly surprised with the number of pre-orders. Thank you!
@AsifSuria
Asif Suria
8 months
Very excited to announce that my first book "The Event-Driven Edge in Investing: Six Special Situation Strategies to Outperform the Market" is now available on Amazon and Target to pre-order before the May 21, 2024 release date.
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@AsifSuria
Asif Suria
4 years
Interesting crop of insider purchases today. Bumble's CEO @WhitWolfeHerd purchased $21 million worth of shares in the IPO. Normally we see insiders sell shares, not buy them: $BMBL
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@AsifSuria
Asif Suria
2 years
Rogers $ROG down nearly 40% after hours after Dupont $DD terminates merger on account of regulatory issues. Has anyone had success sticking around in failed deals or purchasing them post failure?
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@AsifSuria
Asif Suria
2 years
Motivated by the Twitter deal, we did a few threads introducing the merger arbitrage strategy and some of the nuances of the strategy. $TWTR We then expanded to other event-driven strategies we cover on Inside Arbitrage. This is a thread that puts it all together. 👇1/n
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@AsifSuria
Asif Suria
7 years
Talked to @PrestonPysh yesterday and enjoyed this podcast: Features @Greenbackd @jessefelder and @stig_brodersen
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@AsifSuria
Asif Suria
2 years
Yesterday we did a primer on merger arbitrage as a strategy using the Twitter and Activision deals as examples. Today we are going to dive into the various types of deals and how arbitraguers can capture "spreads" on these deals. $TWTR $ATVI A 🧵👇1/n
@AsifSuria
Asif Suria
2 years
The latest twist to the acquisition of Twitter $TWTR by @elonmusk provides a good background for a thread about the Merger Arbitrage strategy. A 🧵👇1/n
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@AsifSuria
Asif Suria
9 months
With HSR expiring and regulatory risk off the table, $BMY's acquisition of Mirati Therapeutics $MRTX is a 78 cent bet on a potential $12 payout sometime in the next seven years. Wrote this in our October 2023 mid-month update:
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@AsifSuria
Asif Suria
1 year
Didn't realize @morganhousel had joined Markel's board. He purchased a small number of shares of $MKL according to a recent form 4 filing. Thomas Gayner and another director also purchased shares.
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@AsifSuria
Asif Suria
4 years
I don't understand half of what jam_croissant says in this threads but intelligent people I follow on Twitter love what he is doing. I hope to learn enough one day to decipher the true meaning of his tweets. Until then I enjoy how clever his twitter handle is considering his name
@jam_croissant
Cem Karsan 🥐
4 years
1/ Maybe, I need to say less things... Maybe I AM Gary, reflexively helping to pin markets through this otherwise structurally perilous window. 🤔 The market will be higher again tomorrow. $2 Trillion + Moar fiscal stimulus will be announced. The market will cheer this & rally.
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@AsifSuria
Asif Suria
1 year
When did the home security company $ADT get into solar? Noticed a couple of insider purchases of $ADT last night, including one by the EVP of Solar A total of 7 different insiders have purchased shares recently:
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@AsifSuria
Asif Suria
7 years
Watched part of the Comey testimony live on Twitter with related tweets. The live product Twitter has built is amazing. $TWTR
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@AsifSuria
Asif Suria
2 years
First insider purchase by the founder/CEO of Twilio @jeffiel since May 2017. He filed a $10 million purchase through a form 4 a few minutes ago. $TWLO
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@AsifSuria
Asif Suria
3 years
Great must read thread. "In just the last 12 weeks, during Q3, startups raised more cash than startups did during the entire 1999-2000 dotcom boom and bust. The total was nearly $160 billion, double last year’s Q3 and more than any full-year amount ever before 2018."
@wolfejosh
Josh Wolfe
3 years
1/ Releasing a redacted Lux quarterly letter to LPs. Some strong views of -a catalog of an excess of excesses -what catalysts cause the current market frenzy to end (preview: LP indigestion) -what we are advising our Lux family companies -much more…
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@AsifSuria
Asif Suria
5 months
Came across this car last night. $CPRI
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@AsifSuria
Asif Suria
2 years
We don't often see insider purchases at Charles Schwab. The CEO of $SCHW Walter Berringer just filed a $2.5 million purchase. His last purchase was way back in December 2018 at average prices below $40.
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@AsifSuria
Asif Suria
1 year
Really enjoyed meeting @jessefelder in person today and grabbing a bite to eat in downtown Redwood City
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@AsifSuria
Asif Suria
2 years
Enjoyed meeting @stockspinoffss and @FrankMoneymake1 in person in Boston last weekend. Wonderful conversation and @TridentBooks on Newbury St was an excellent location
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@AsifSuria
Asif Suria
2 years
This is amazing.
@FuzzyPandaShort
FuzzyPanda 🇺🇦
2 years
Omaha Private Jets we tracked flew to and from the HQ's near the following Regional Banks: $PACW $WAL $FRC $ZION $KEY $FITB $VHN $HBAN $UMBF $ALLY $PNFP $EWBC $RF $MTB $ASB $SF $MOFG $NTRS $BMO Note - don't know which banks are in Nola; Fort Wayne, IN; Denver; Milwaukee; Vegas
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@AsifSuria
Asif Suria
1 month
Got a chance to appear on YouTube live with @Greenbackd and @farnamjake1 last week and the Value: After Hours podcast is out today on Apple Podcasts, Spotify, etc.
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@AsifSuria
Asif Suria
1 year
I don't focus much on micro cap companies but tracking insider transactions unearths some of the strangest companies. A lender to cannabis companies with a 20% dividend yield? $AFCG
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@AsifSuria
Asif Suria
2 years
Insiders at regional banks significantly stepped up their purchases last Friday and Monday. On Monday we reported on insider purchases at 40 companies that met our criteria in our daily Event Driven Monitor. 16 of those companies were regional banks not counting $SOFI
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@AsifSuria
Asif Suria
5 months
Buffett: Paramount was completely his decision to get in and out and Berkshire lost money. Nothing to do with Todd or Ted. $PARA $PARAA
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@AsifSuria
Asif Suria
3 years
Photos don’t do enough to convey just how majestic Bryce Canyon, the Grand Canyon and Zion are.
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@AsifSuria
Asif Suria
1 year
This seemed like a no brainer trade and a lot of arbs were in it but the risk of being stuck short a meme stock like $AMC was not appealing to me. The rules of the game have changed so much the last three years.
@yiqinsh
Yiqin Shen
1 year
$AMC $APE conversion bet, R.I.P.
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@AsifSuria
Asif Suria
2 years
An unusual insider purchase filed after hours today. Dr. Gregory Bailey, who serves on the Board of Directors of Biohaven Pharmaceutical $BHVN acquired 38,000 shares for $5.62 million.
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@AsifSuria
Asif Suria
2 years
@jessefelder Really appreciate the shoutout Jesse. It took me several weeks to get the last 100 followers to 6,999 and now I have 200 more in a matter of minutes.
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@AsifSuria
Asif Suria
1 month
PayPal's new CEO moving the needle for the company. $PYPL
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@acce
Alex Chriss
1 month
We're excited to announce @Adyen as @PayPal 's first Fastlane distribution partner! This expanded partnership combines PayPal’s brand, trust, and global scale with Adyen's customer base and relationships with enterprises to help make PayPal available everywhere customers shop.
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@AsifSuria
Asif Suria
8 months
Six different insiders including the CEO and CFO of Columbia Banking System $COLB purchased shares recently. This is the Pacific Northwest based bank that acquired Bank of Commerce in 2021 and then merged with Umpqua Bank last year. Dividend yield is approaching 7%.
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@AsifSuria
Asif Suria
2 years
The Continental Resources $CLR deal by founder Harold Hamm finally came through. The acquisition price of $74.28 is higher than his initial $70 per share offer. I wrote the following in a Marketplace Roundup for Seeking Alpha in June.
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@AsifSuria
Asif Suria
5 months
"Even a quick department-store visit, online search, skim of a fashion magazine, scroll on social media, browse of a fashion resale website, stroll through a mall, or scan of restaurant patrons shatters the image of such a narrow and artificial market." $CPRI $TPR Exhibit A:
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@essential6t7
Essential
5 months
$CPRI $TPR filed its response.
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@AsifSuria
Asif Suria
7 years
Built a new search tool on our Merger Arbitrage News page that lets you search news, SEC filings & tweets for deals like $CAB $RAD and $SYT
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@AsifSuria
Asif Suria
7 years
A wealth of information in these notes. Highly recommend it.
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