How to get an A on your 13-D

by Kaiser Edamame

Bob Chapman is a shark or killed a shark or is a shark because he killed a sharkI know you’ve all been wondering about the big question. Would it be possible to work the terms “skin flute” and “chief ankle grabber” into one SEC filing? Well you can stop wondering. Bob Chapman -the alleged inventor of the 13D letter– has done it. For a true Christmas treat please do read the full text of his most recent sketch comedy letter to management (last two pages of this Glenayre Technologies 13D).

A small sample:

On numerous occasions, Chapman Capital has received telephone calls from individuals claiming to be parties other than themselves (“pretexting”), with the occasional delivery of profanity as part of this impersonation. In fact, several months ago we received a call from someone apparently pretending to be “Jimmy Caparro,” who demanded that I personally “genuflect before [him] and play a song on [his] ‘skin flute’.” Though I do not have any knowledge of Mr. Caparro’s sexual preference, I was confident that Mr. Caparro was not the person making that call, even in the highly unlikely event that that this may have been his personal fantasy.

Not only can he write, but Mr. Chapman also claims to have charged wild gorillas, snapped two vertebrae while body surfing, snuggled with a cambodian jaguar in a hammock, and showed up for his first job interview bleeding from the head after a near-fatal motorcycle accident. I’m reading all this thinking, wow, this guy really understands risk and reward, I would like to give him all my money and trust him to prudently preserve and grow it.

As with any larger than life personality he has lovers…(quotes from TraderDaily.com (free reg required))

the best part of his whole persona is that any woman/girl who’s dated him knows what a sweet guy he actually is. My bet is that any detractor on this thread is simply jealous — what a life Bob has led and he’s not even 40 yet! Take it from someone who’s “been there,” the guy rocks.

…and haters

Bob Chapman’s ego is the size of kentucky. He is an over-rated piece of trash. Treats people like garbage and thinks he is a gift to the earth. He manages a small hedgefund in california because he can’t hack it in NYC. His attitude definitly is the cause from having a small penis and being a virgin. He needs a good ass kicking because he is one of the most horrible people I have ever met. I bet he got butt f*cked by one of those monkeys and liked it.

Chapman, we know your legend's realRecommendation: We think Chapman’s overexposure creates liquidity in the otherwise uninteresting hedge fund manager sector. We think there is easy arbitrage money to be made buying his sense of humor and bohemothic vocabulary while simultaneously selling his life insurance policy. This creates a synthetic long exposure to SEC-filed gay jokes but limits your downside risk in case he decides to go nude-snowboarding with the abominable snowman.

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