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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: October 1, 2014
Markopolos: “we don’t have straight lines in finance”
Speaking in a 2013 interview, “No One Would Listen” Author and Madoff whistleblower, Harry Markopolos explained that looking at fund performance, he could immediately tell that Madoff was running a Ponzi-like scam and not a savvy strategy as most believed: … Continue reading
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