Compilation Episode: Part Deux
More great ideas from my colleagues
Since I’ve had so many requests since the last compilation, here is my newest group of trades.
Please give my colleagues a subscribe and follow if you like their ideas!
Also, if you enjoyed this write-up, do me a favor by liking and restacking:)
Idea 1: NBR
Company: Nabors
Author: Me
I was going to write this one up, but I am admittedly being a bit lazy here.
Nabors is trading at a 30 year low. This is a fundamentally sound company with both great technology and reputation. Its biggest issue is an upcoming debt maturity which will need to be refinanced and a slow down in onshore drilling. You can sell long dated puts at a $22.5 and $25 strike.
If you end up owning it at <$25, you will be happy long term. If the price is above that, you receive all the premium. Win-Win in my book.
The onshore drilling space is basically consolidated to three companies: Nabors, Patterson, H&P. I don’t see Nabors going anywhere.
Idea 2: EM (ADR Listed in US)
Company: Smart Share
Author: Acid Investments
This is a Chinese ADR with multiple internal bidders for the company. I have had pretty good success with these types of M&A setups historically. Spread from offer price is ~30%. Acid does an excellent job explaining everything, so just read his piece.
Idea 3: NDO/EVO (ASX)
Company: Nido Education/Embark
Author: Undervalued and undercovered
It may surprise you that I hold a bond, preferred stock, and dividend portfolio. I just don’t write about it because it’s boring right? As a middle-aged woman with a new hair color every 3 months, that’s the last thing I want to be. Anyway, since this is the compilation episode I will include a few of these.
I took a small position in both of these companies. They are consolidating the fragmented childcare market in Australia and pay a fairly attractive dividend. I think they have some growth potential. In a group of dividend producing stocks, these are worth a look.
Idea 4: FPH
Company: Five Point
Author: Sea Meadow Capital
I heard about this from a super cool portfolio manager at a lovely dinner hosted by Mr. Swen Lorenz in my hometown.
This is an interesting play on California real estate. It’s not a secret that there is a housing crisis in California. Five point is in the process of fixing it. They have a large project in San Francisco (home of the world’s most overpriced houses) that has been on hold for a long time due to a variety of legal and regulatory reasons. This is about to change. If it does, the stock will rerate. This substack author wrote about it a few months ago if you need further background.
Idea 5: SBET/ADE (Germany)
Company: Sharplink Gaming/Bitcoin Group SE
Author: You!
So I got both of these ideas from readers (big thank you for reading and sharing my work). I write this blog for free because I want you to send me your ideas. As long as I keep getting good stock picks to make money off of, I am not going to charge for this newsletter. Please keep spreading the word.
If you read my previous UPXI article, hopefully you sold when UPXI popped. It was a good return.
SBET is an interesting one for those interested in Ethereum. Similar to UPXI, I like selling long dated puts on Crypto treasuries. The ones in the 14 price range seem reasonable.
ADE is a stock I own outright now as part of my crypto allocation.
If you are a bitcoin bro, this one is for you. It has zero hype and Germans obviously don’t care about crypto currency, but it sells for 50% mnav of its bitcoin holdings.
This is unheard of compared to US crypto treasuries. If they decide to cross list in the US or get bought out by someone, there will be an immediate rerate.
Idea 6: BCHT (TSE)
Company: Birchtech
Author: Bill Fogel on SumZero
You know at TripleS we love a good litigation. This company is suing a large number of coal companies. They already have settlements worth tens of millions of dollars. In 2024, one of their lawsuits went to completion, and they won over $50 million of damages. They are now trying to request additional damages of $100 million (over $150 million in total) in that case. This is a company with a market cap of $55 million. You can do the math and work from here.
Idea 7: CLO (EARN, ECC, EIC, CCIF, OXLC)
Company: Many
Author: Various sources
Many CLO funds are in the toilet. They pay a healthy dividend (10+%). You should not invest in these if you don’t understand the risk associated with them, but if you want to do the time and research, I have a basket of these now due to the recent pricing. I’ve listed a large number of names above to look into. They also have preferred stock issuances if you want a slightly safer investment.
Idea 8: Subscribe to find out 😊
Author: Clark Square Capital
So I am not going to write the name here, but if you don’t subscribe to Clark Square, you should. He comes up with some really creative names you have never heard of.
This company pays a healthy 8% to 9% dividend and you can sell quarterly calls on it to make a 20% effective yield.
Idea 9: Spacs (AACT, MBAV, CEPT, DRDB, WENNU, GSRT, PCSC)
Company: Many
Author: Various Sources
I have been buying multiple Spacs trading at close to trust value. One of these I wrote about previously. I sell calls against these Spacs prior to merger to get them below trust value. I then redeem them if their price at merger isn’t to my liking. Ones I own: AACT, MBAV, CEPT, DRDB, WENNU, GSRT, PCSC.
By the way, AACT is getting very close to announcing its voting date reading the tea leaves at the SEC.
Idea 10: Mano (LSE exchange)
Company: Manolete
Author: Undervalued and undercovered
This is a bankruptcy litigation purchaser in the UK which controls the market. It’s been incredibly beaten up. The CEO of the company recently stepped down and the second largest shareholder sold his position to a fund. This may indicate a change in strategy or a sale which will increase the value of this company.
Idea 11: Neon
Company: Neonode
Author: Special Situations Investing
As I previously mentioned, if you haven’t joined this group, you should consider it.
Neonode has a serious patent litigation lawsuit against Samsung and soon to be Google and Apple. In fact, Samsung is currently settling with them. The stock price has shot up on speculation on how big the settlement is. If you want a good background on the situation, check out this substack author.
You can sell puts at a fairly high premium for this security in September and October. I am not going to speculate on what the settlement will be, so do your own work.
My bet is it won’t be as big as people expect after you include the take of the litigation funder and previous expenses.
Idea 12: SLP (LSE)
Company: Sylvania Platinum
Author: Oak bloke
I like mining stocks. Emerita, which we are waiting on a court ruling for, is still in play. The last two trades I wrote about, BTU and NAK, worked out pretty well if you exited when they popped. I also continue to own a Thungela coal position. With that said, this company, Slyvania, is completely restructuring and seems to be relatively cheap. I’ve added it to my mining basket for copper. Generally speaking, the best exchanges to find value in mining is the TSX and LSE. Oak Bloke does a great job covering the LSE.
That’s it for this episode. I might do another one in a month or two. I make too many trades to write them all out.
If you enjoyed this write-up, please like and share. I don’t get paid to do this, so consider that my reward.
Also, if you have other ideas I should write about, my DM’s are always open on substack and Bluesky :)
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Love these! Thanks for putting together!
nice, thanks you