Jeremy Raper on Haier Smart Home
Jeremy Raper, founder of the excellent rapercapital.com and our inaugural guest, makes a repeat appearance on the podcast. We provide an update on his idea from our last podcast (Brag), discuss a potential $300m+ investment he's looking to source, and then dive deep into his later idea, Haier Smart Home German Shares (690D).Note that BRAG and Haier are both international small cap stocks; please do you own research and nothing in this podcast is investing advice.LinksJeremy's first YAVP appearance: https://youtu.be/X-nVRNiSeosJeremy's second YAVP appearance: https://youtu.be/PuP_c10B_NIChapters0:00 Intro4:20 Jeremy's $400 million special situation8:20 Update on BRAG13:20 Jeremy's new big position, Haier Smart Home German D-shares (690D)20:20 Discussion of fungibility of Haier's different shares25:00 What's the right spread?30:30 Devil's advocate: why can't the Hong Kong shares keep running?38:20 Devil's advocate: comparison to SPAC warrant arb41:05 Devil's advocate: geo-political risk46:00 Discussion of position structuring (naked long or dirty arb)