Intel: the post-offering drawdown is an entry point
AI products, foundry progress, a $23B gross equity raise and a ~38% drawdown from the high make INTC a compelling long. Our $100 base target assigns no value to an SK Hynix partnership.
PDF report
Special Situations & Catalyst Investing
We invest where a defined event can close the gap between price and value.
Hideyoshi Capital looks for securities mispriced by complexity, forced selling or neglect, and for the catalysts that will make that mispricing visible to the rest of the market.
What we do
Complexity is where the opportunity hides.
01
Special situations
Spin-offs, restructurings, post-reorganisation equities, recapitalisations and other corporate events where structure, not fundamentals, drives the price.
02
Catalyst-driven equity
Mergers, asset sales, capital returns, management change and regulatory decisions: identifiable events with a timeline that can close the gap between price and value.
03
Downside first
We underwrite what we can lose before what we can make. Position size follows the quality of the catalyst and the asymmetry of the outcome.
Research
Latest from the portal
Intel: the Q2 FY26 earnings setup
After an 11% two-session rally on Apple and Microsoft joining the 18A-P design-partner program, Q2 decides whether the pipeline keeps converting. The gap from commitments to actuals is the trade.
PDF report
Seagate: nearline is sold out through 2027, priced after the guide was set
Seagate is the first US storage name to report into a market where nearline HDD capacity is sold out through calendar 2027 and trade prices rose ~10% after guidance was set. The July 28 print is both a beat candidate and a read-through for the storage stack.
PDF report
Investor relations
Get in touch Speak with the team.
We welcome conversations with qualified investors and allocators. Fund documents are shared privately on request.