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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
Monthly Archives: December 2014
Sifting through numerical manure
Good piece from Tony Sagami yesterday looking at the miraculously revised 5% GDP growth estimate conjured this week out of lower spending 0n imports, capex and durable goods. See: Q3 GDP jumps 5%. Ha! The crap behind the numbers. “I … Continue reading
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Fit is the new 20
Sexy at 60…yes we can. Music legend Sting discusses how he keeps his looks and his fans throughout his decades-long career.Here is a direct video clip.
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‘Growth’ narrative unraveling under delirious S&P 500 and Cdn banks
Oil is plumbing fresh cycle lows this morning, with West Texas Crude touching into the $52 range ($37 range for Western Cdn select) in the last hour. But it’s not just oil (black line) and natural gas that are imploding … Continue reading
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