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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 17, 2014
Fed expects to raise funds rate 450% over next 12 months
Tightening on steroids…from .25% today, the Yellen-led Fed says they expect to raise the funds rate to 1.375 (+450%) by the end of 2015 and to 3.75% (+1400%!) by the end of 2017. See: Fed officials predict Fed funds rate … Continue reading
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Alzheimer prevention aided with diet and exercise
There is presently no cure for Alzheimer’s, but as with most disease, our lifestyle choices can play a large role in prevention. “Alzheimer’s experts increasingly are researching ways to prevent or delay memory decline instead of just focusing on treating … Continue reading
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How financial criminals duck justice
This type of fraud and collection avoidance requires the assistance of the best lawyers and accountants that crime proceeds can buy… Paul Bilzerian, a Wall Street felon who owed the government $62 million, lived for nearly two decades in his … Continue reading
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