October Special Situations Research Forum (Members Only, Limited Space) (Ended)
Topic: Computer Sciences Corporation (CSC)
Special situations are corporate actions which could reveal an undervalued security and hence an investment opportunity. Some examples of Special Situations are spinoffs, liquidations, tender offers, restructurings, bankruptcy exits etc. In the Special Situations Research Forum we will discuss an investment situation decided 3 weeks in advance. Every participant in the Forum is expected to research the topic before attending the meeting.
The company provides information technology (IT) and professional services. The company operates through Global Business Services, Global Infrastructure Services, and North American Public Sector segments. It plans to split its commercial IT services and U.S. public sector operations into separate, publicly-traded, companies this year. The company will pay a special dividend of $10.50 along with the split. JANA Partners, an activist hedge fund has invested in CSC and its current stock price represents a discount from the sum of its parts. The bear arguments include declining revenues and the threat of software movement to the cloud.
This meeting is a collaborative effort so please be sure to research the topic before the meeting and be prepared to contribute to the discussion.
Attendance will be limited to 15 members - first-come, first-served.
Vishal Mishra; Mishra Capital Partners LLC
Nick Redmond; Oculus Asset Management
Members - Free
Attire: Business Casual
Registration: Limited to 15 members
A dial-in option will be available. Phone number and passcode will be distributed the day prior to discussion.
6:00pm - 7:30pm - Discussion
Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.