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Cory’s Chart Corner
Load MoreMore marked-to-fantasy credits hit the windshield.
h/t @NickNemo17Nick Nemeth (Mispriced Assets) @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____________________________
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Daily Archives: April 28, 2015
The impossible race with HFT robots
For those ‘playing’ the market and feeling confident they will be able to exit ahead of the insanely levered, mongrel horde surfing the wave with you…a little reality check via the Twitter trade today. A few HFT firms were leaked … Continue reading
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