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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 23, 2014
Government approval ratings at recessionary lows
QE has done nothing to help the real economy or real workers, statements to the contrary are propaganda from its sponsors. The good news is that the power to recover meaningful financial strength and balance lies not with governments or … Continue reading
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Jim Rogers on preserving capital in the era of “crazy” central bankers
Why Jim Rogers owns dollars printed by “crazy” fed bankers. Here is a direct video link.
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60 Minutes: Saving Italy’s history
As the government struggles to maintain the country’s historic ruins and monuments, Morley Safer discovers it’s become fashionable to help. Here is a direct video link. (If you can stand the Viagra adverts!)
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