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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: September 2, 2014
More revolving door Washington to Wall Street
Employment agreements setting time requirements between leaving one position and moving to a competitor are the norm in business. The fact that there is none of this between government and big business is simply outrageous. Ex-House Majority Leader Eric Cantor … Continue reading
Sustainable food and the power of ‘we’ consumers
A client who is a grass farmer recommended “The Omnivore’s Dilemma” to me this week. This presentation by the author Michael Pollan gives an excellent overview of the material. The UC Davis Mondavi Center presents bestselling author and UC Berkeley … Continue reading
Sociopathic bankers so far still keeping their plunder
Bloomberg’s Max Abelson recounts his conversation with former Countrywide Chief Executive Officer Angelo Mozilo as he reacts to plans by the U.S. government to sue him in a civil case over subprime loans. Here is a direct video link. Sociopaths … Continue reading
