Jul. 17 at 1:52 PM
$ORBS this has the biggest NAV discount of any DAT , dwarfing that of others like
$NAKA . Now there are a few private equity funds like
$PSEC that have larger NAV discounts approaching 50%, but they deal with private equity type restructurings etc which are extremely risky. ORBS biggest balance sheet “investment” is - get this: cash. Literally you are buying dollars for 70 cents. Their entire openAI, Beast, etc private equity portfolio has a ZERO valuation at the current stock price. You are literally getting
$OPEAZZX.P for free. This is the biggest arbitrage disconnect I have seen in my lifetime. Yes management is sort of scammy, but they have tons of cash which makes their portfolio way more conservative than your typical DAT/CEF
