Activist company

Stock deal: Niche Printer Company (NASDAQ: TACT)

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Unique stock ideas taken from fund letters published by Seeking Alpha.

Additional disclosure: Disclaimer: This document, which is provided on a confidential basis, does not constitute an offer to sell or the solicitation of an offer to buy which can only be made upon receipt by a qualified recipient of a memorandum Confidential Private Offer (“CPOM”) / Confidential Explanatory Note (“CEM”), which contains important information (including investment objective, policies, risk factors, charges, tax implications and relevant qualifications), and only in jurisdictions permitted by law. In the event of any inconsistency between descriptions or terms in this document and the CPOM/CEM, the CPOM/CEM shall prevail. Such securities will not be offered or sold in any jurisdiction in which such offer, solicitation or sale would be unlawful until the requirements of the laws of such jurisdiction have been satisfied. This document is not intended for public use or distribution. While all information prepared herein is believed to be accurate, Laughing Water Capital, LP, Laughing Water Capital II LP and LW Capital Management, LLC make no express warranties as to completeness or accuracy, and cannot accept responsibility for errors appearing in the document. An investment in the fund/partnership is speculative and involves a high degree of risk. Withdrawal/redemption options and transferability of interest are restricted, so investors may not have access to capital when they need it. There is no secondary market for interest and none are expected to develop. The Portfolio is under the sole trading authority of the General Partner/Investment Manager. A portion of the trades executed may take place on non-US exchanges. Leverage may be used in the portfolio which may cause investment performance to be volatile. The portfolio is concentrated, resulting in increased volatility. An investor should not make an investment unless he is prepared to lose all or a substantial part of his investment. The fees and expenses charged in connection with this investment may be higher than the fees and expenses of other investment alternatives and may offset the profits. There is no guarantee that the investment objective will be achieved. In addition, past performance of the investment team should not be interpreted as an indicator of future performance. All projections, market outlooks or estimates contained herein are forward-looking statements and are based on certain assumptions. Other events that have not been taken into account may occur and materially affect the returns or performance of the fund/partnership. Any projection, outlook or assumption should not be construed as an indication of actual events that will occur. The material enclosed is confidential and may not be reproduced or redistributed in whole or in part without the prior written consent of LW Capital Management, LLC. The information contained herein is current only as of the date indicated and may be superseded by subsequent market events or for other reasons. Statements regarding financial market trends are based on current market conditions, which will fluctuate. Any statements of opinion constitute the current opinions of Laughing Water Capital LP and Laughing Water Capital II LP only, which are subject to change and which Laughing Water Capital LP and Laughing Water Capital II LP do not undertake to update. Due to, among other things, the volatile nature of the markets, an investment in the fund/partnership may only be suitable for certain investors. Parties should independently investigate any investment strategy or manager, and should consult with qualified investment, legal and tax professionals before making any investment. The fund/partnership is not registered under the Investment Companies Act 1940, as amended, on the basis of an exemption thereunder. The interests in the fund/partnership have not been registered under the Securities Act of 1933, as amended, or any state securities laws and are offered and sold on the basis of exemptions from the registration requirements of said Act and such laws. The S&P 500 and Russell 2000 are US equity indices. They are included for informational purposes only and may not be representative of the type of investments made by the fund.