This Long/ Short Equity Firm Sees A Time-Arbitrage Opportunity In This Pest Control Merger

Yost Partners was up 0.8% for the first quarter, while the Yost Focused Long Funds lost 5% net. The firm’s benchmark, the MSCI World Index, declined by 5.2%. The funds’ returns outperformed their benchmark due to their tilt toward value, high exposures to energy and financials and a bias toward quality. In his first-quarter letter to investors, which was obtained by ValueWalk, Carson Yost noted that the market continues to “batter cash bleeding companies and companies which require boundless imagination, intoxication or a mixture of the two to value.” He also said that trying to determine which macro factors are…