저자: 미상 · 외국인
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한 줄 결론: 스팩(SPAC) 버블은 꺼졌고 빌 애크먼의 PSTH가 남은 대형 스팩으로 주목받지만 투자 위험이 크다는 취지의 영상이다. [스팩 시장 현황] 2021년 들어 스팩 투자 열기가 식어 신규 상장이 거의 멈췄다고 진행자는 말한다. 합병 대상을 찾는 스팩과 이미 합병을 마친 기업 모두 큰 타격을 받았다고 한다. [주가 수치] 합병 완료 스팩 주가는 52주 고점 대비 약 32% 하락한 상태다. 보유 종목 약 4분의 1은 고점 대비 절반 가까이 떨어졌다. 절반 이상의 기업이 스팩 공모가인 10달러 아래에서 거래된다고 한다. [스팩 구조 문제] 스팩 발기인은 시가보다 싸게 지분을 받아 상장 후 주가가 부진해도 수익을 낼 수 있다는 구조적 문제가 지적된다. 진행자는 이 구조를 일반 투자자에게 불리한 사실상의 사기 같다고 비판한다. [PSTH 및 빌 애크먼] 빌 애크먼의 PSTH는 몇 주 안에 대형 기업과의 합병을 발표할 것이라는 기대를 받고 있다. 진행자는 애크먼이 기업 발굴 능력은 있지만 이 스팩 자체의 가치는 과대평가됐을 수 있다고 본다. 압박 때문에 서둘러 투자 대상을 고르면 위험하다는 우려도 제시한다. [스트라이프 합병설] 시장에서 PSTH의 합병 대상으로 결제 인프라 기업 스트라이프가 거론된다. 진행자는 스트라이프가 탄탄한 기업이지만 페이팔, 스퀘어 등 경쟁이 치열하고 국가별 규제 리스크도 있다고 말한다. [결론 및 리스크] 스팩 투자는 합병 대상과 발기인 구조를 충분히 따져야 하며 장기 보유는 신중해야 한다. 진행자는 PSTH 합병 결과와 기업 성장성에 대한 판단을 다음 영상에서 다루겠다고 밝힌다.
다듬은 글
ing to be talking about this pack has this back bubble popped guys where have all the smacks been where have they gone this is crazy like i haven't seen any talk about spats and going to remember 2020 was like the spa world there's acquisitions everywhere every second spots popping here and there but in 2021 i don't see nothing i don't see any space no talk about it so we're gonna find out the reason why and what's happening and guys we met we know that bill ackman is gonna have his back soon so i'm wondering if this back wave is over like it's done with so is bill ackman's back could have that same impact because but we all know bill ackman isn't a good investor amazing person he knows how to find companies but the whole spac situation might have been overdone and done with so let's get into it and see what we should think about when bill ackman and just all the other spats so spac insiders can make millions even when the company they take public struggles and this was the problem charlie said it over and over again the investment if the investment world can sell they will sell and this was all based on fees everyone was just making money the wall street people were just screwing us over the public with these facts they were getting all the money they didn't care where this business was to be long-term they didn't care if the business was going to fall 50 so it was almost like pretty much a scam they were just getting to all these companies they didn't care what kind of company it is as long as they can attach name to a spat and watch it pop that's all they care about so they can get their their feed their billion dollars i don't participate at all and i think the world would be better off without them i think this kind of crazy speculation in enterprises not even found or picked out yet is a sign of of an irritating bubble so many individual investors take losses on specs while and signers benefit from discount stakes look what's happening investors who bought into special purpose acquisition company took a healthcare service company public last year and an 11 billion deal that has suffered steep losses promoters of the specs still stand to make millions the promoters are making millions while the public and all the robinhood people were we're losing the money guys just because we're we're just getting into these companies not knowing really what it is because we just expect to pop so guys if you're going to do this place i don't know if you should be holding long term these specs because you already know what these companies are trying to do or what these wall street people are trying to do they're trying to make a quick buck off us and we can't allow that to happen anymore like you can't allow wall street to just use the like use uh the gambling aspect of investing against us right and just take all our money so uh yeah so the paper gains of insiders even shares the multi-plan corp fall result from the unique incentives given to spec craters also known as sponsors they are allowed to buy 20 of the company in a steep discount at a deep discount a stake that is then transferred into the firm the spa takes public those extremely cheap shares let the craters make on an average several times their initial investment they also let the spa backers make money even if the company take public struggles and later investors lose money a source of criticism for their process see and this is what i'm afraid of like is bill ackman i know bill ackman has been doing the research and just actually taking his time with this back but what if he what if he gets into that pressure of having to find this back now like after what if the deal doesn't happen and he's still gonna have to struggle to find us back is he gonna probably do it quickly now because he's under so much pressure from the public to find these specs now and the bubble already popped so our specs or the company he's gonna buy even to be that interested or people to even be interested in it now like we got to think about those things whether it comes to the new specs and how people already took advantage of everything so here's another article talking about this back bubble so let's get into it the spa bubble has popped where to find bargains and that's the issue a lot of people are trying to find bargains now and try to get into those early specs but where are the specs i think the bubble has popped so uh after three month run of immense popularity to start 2021 special purpose activation companies have seen investor appetite dry up new issuance has slowed to a trickle those still seeking merger partners have been hit hard while those that have completed mergers have been hit harder but here's the guys so is bill ackman's back just the one lonely spack left alive that can actually get us to that promised land of higher and higher gains because that's what we're gonna need because but every blow up brings opportunity and this one is no different investors should use the declines to pick up to pick over the carnage and identify quality spot sponsors still searching for acquisitions or those that with just or still be completed deals so look look what happened during the spax like we're gonna see what happened uh to all these specs right um so the stock merged companies is down more than 32 percent from the 52-week high while about a quarter of the stocks it holds have been cut in half from decent peaks more than half of the companies are trading below 10 the price where nearly all specs got priced which has caused issuance to dry up why would investors pay ten dollars for new spec when they can buy an existing one for less than that so the last holding person is bill ackman and he's hinted at an iconic company and he can be announcing this in weeks hopefully so what do you guys think do you think this can last like do you think this company this back that he's gonna get into is gonna be like the one company that's gonna actually do well in this in this back mania like we gotta assess that risk too when we're actually investing in the spa company with bill ackman psth but people are all speculating it's gonna be stripe so stripe is this like payment infrastructure for the internet company which just like if you're using all these ecommerce platforms like shopify or whatever you're using you can people are using stripe probably a lot of people don't even know they're using stripe because stripe just connects all that payments to like one infrastructure and it doesn't matter if you're from overseas or wherever it just tracks it and this controls all that payment and they've been innovating like crazy so if they actually merge with this company this can this would be pretty good like this is a solid solid company if they merge with this company man it's still innovating but my only um thing about stripe is that it's so much competition with stripe like stripe there's so many other firms popping up their own payment platform and everything is just going crazy with like square paper hazard thing and then they have they have a lot of these payment processing uh infrastructure in different like countries so you have to be aware that stripe has a lot of competition it's innovating so fast that it's just crazy so beware if you get into if he gets into stripe you gotta be aware of that so tell me what you guys think of um bill ackman's psth and if they're gonna see like it's gonna be whatever they merge into if they're gonna emerge into a strong company and how do you see that developing i'll get back to you in the next video peace
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