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	Podcast:		Yet Another Value Podcast
	Episode:		Jeremy Raper on Haier Smart Home
	Category:		Business
	Duration:		00:51:05
	Publish Date:		2021-01-19 11:00:00
	Description:		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. Links Jeremy's first YAVP appearance: https://youtu.be/X-nVRNiSeos Jeremy's second YAVP appearance: https://youtu.be/PuP_c10B_NI Chapters 0:00 Intro 4:20 Jeremy's $400 million special situation 8:20 Update on BRAG 13:20 Jeremy's new big position, Haier Smart Home German D-shares (690D) 20:20 Discussion of fungibility of Haier's different shares 25:00 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 arb 41:05 Devil's advocate: geo-political risk 46:00 Discussion of position structuring (naked long or dirty arb)
	Total Play:		0