Can we also take a moment to appreciate the tongue-in-cheek writing style of this (fairly thorough, by my impression) analysis of rather dry things like SEC filings, merger covenants,...?
This is why Levine's is one of a very few newsletters I subscribe to, and I read it immediately when it arrives. He's both entertaining and educational. I know a great deal more about finance now than I did a year ago, and that's because of Matt Levine.