One Jet Capital's holdings has 40% downside. This is something we profiled in an Activist Strategy email the other week. The downside case it pretty pronounced and something Jet hasn't really addressed. What's more is that Jet's entire thesis is built on false hopes. It's a rather interesting story.
The story is easily overlooked, especially when you look at how peers have been impacted. However, there's a silver lining for Jet's target, meaning it's not as protected.
In any case, get this story and others via Activist Strategy; two-week free trials available.