Dillard’s, Inc.: An Event Driven Trade Idea

Event-Driven (ED) trading continues to perform well lately. As a result, rather than bemoan how value investing is stillborn, I’ve continued to shift more of my capital into what’s working. As I’ve noted previously; you can hope that the market reverts to a prior form, or you can evolve. With the number of active managers in terminal decline, the opportunities in the ED world continue to get better and one of my favorite strategies is the “short squeeze.”Q2 2020 hedge fund letters, conferences and moreWill Dillard’s, Inc Become The Next J.C. Penny?With that in mind, it’s hard to ignore the evo…

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