# Special Situations Research — Catalyst-Driven Plays
## Objective: Build Tactical Sleeve (3-12 month holds, pre-defined exits)
## Generated: 2026-05-09

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## Screening Criteria
- **Position size:** 2-4% max per name
- **Holding period:** 3-12 months with explicit catalyst date
- **Entry:** Quantifiable setup with defined risk/reward
- **Exit protocol:** Target (thesis confirmation), Stop (thesis invalidation), Time stop (catalyst passes without reaction)
- **Anti-PLTR protocol:** Pre-written re-entry plan for any tax-loss sale
- **Exclusions:** Open-ended growth, pre-revenue speculation, leverage required

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## Sector Targets
1. **Biotech/Pharma:** PDUFA dates, label expansions, trial readouts (Matt has domain knowledge)
2. **Fintech:** Re-rating events, earnings inflections, regulatory clarity
3. **Energy Transition:** Uranium restarts, grid infrastructure, nuclear renaissance
4. **AI Infrastructure:** Deployment timelines, capex inflections, customer concentration resolution
5. **Special Situations:** Spinoffs, M&A arb, sum-of-parts unlocks

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## Research Queue
- [ ] Biotech PDUFA calendar Q2-Q4 2026
- [ ] Fintech earnings surprises / guidance inflections
- [ ] Uranium spot price + utility contracting timeline
- [ ] AI datacenter capex cycle — customer concentration names
- [ ] Spinoff pipeline 2026

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*Next: Populate with 5-10 quantified candidates*