Some links and thoughts

1. Special situation
• Twitter (link) (link) (link)
• 3U holding (link)
• Bollore (link) (link) (link)
• estimated current value = 9.67
• share price = 4.76 (2022/09/02)
• the discount is around 50% 
• IMARA (link)
• Haier 690D (link)
• Sanken Electric (link)
2. Preconditions for share buyback (link)
• lacks a higher and better use for capital
• companies that should be reinvesting in themselves
• companies that should be focused on debt reduction
• companies that should focus on M&A
• the company is trading below intrinsic value
3. VOW ASA (link)
4. Target (link)
5. Rocket and tractor (link)
• For a "rocket" company, it is probably more important to focus on building the value than making money from the value - revenue is a feature, and you should build it later. 
• The real question should be "Does it have the scope for a 50x return?".