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Cory’s Chart Corner
Load MoreMore marked-to-fantasy credits hit the windshield.
h/t @NickNemo17Nick Nemeth (Mispriced Assets) @NickNemo17Thoma Bravo turned in the key on Medallia.
$6.4B of equity wiped.
It now carries $3B in debt against $200M of EBITDA.
Blackstone had $1.5b of the debt across their nearly identical retail facing credit funds marked it most recently at 60.3c.
It's now a zero. Credit____________________________
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Daily Archives: July 3, 2011
ECRI: “Global slowdown to presist through end of 2011”
U.S. Slowdown Won’t End This Year, Says ECRI Economist,”Too early to tell if it will be a recession.” Watch the video clip here.
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