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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: November 13, 2014
The end of free markets and the reign of riggers
Over the past 8 years, free markets have increasingly been over run by inside traders, price riggers and predatory high frequency machines, in the process, legitimate investors have steadily withdrawn and the volume of shares traded has plunged. Fewer participants … Continue reading
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Crude plunge rendering Keystone moot?
As the US Congress pushes for an approval vote for the highly controversial Keystone pipeline this week, ironically the project may no longer be economically viable. With West Texas crude today hovering just over $74 a barrel–down 50% since 2008, … Continue reading
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Bankers: all the gain and none of the blame
The bank executives claim they are talent worthy of the highest pay packages in the world. But they are accountable for none of the downside that their ‘talents’ create. Not only are they not held accountable for crimes, but we … Continue reading
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