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Cory’s Chart Corner
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More marked-to-fantasy credits hit the windshield.
h/t @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
Daily Archives: September 3, 2014
Record high markets no “safe” place to put money
Sam Zell effectively rips the marketing wrapper off the investment sales puff in this one simple statement: “What’s the definition of safe? That the stock doesn’t go down.” That is the way real people think about “safe” but it is … Continue reading
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Treasury yields breaking faith with QE belief
Over the past 24 months the Fed’s Q’Ever injections have battled rational expectations for the hearts and minds of would-be investors. As capital was gradually enticed out of safe havens toward riskier markets, 5 year treasuries were sold off and … Continue reading
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Households moving toward capital shock once more
After 6 years of being scared out of risk, in the wake of violent capital losses in 2007-09, over the past 2 years individual investors have been gradually seduced back to equities like June bugs to a bug zapper just … Continue reading
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