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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: April 29, 2015
Iron ore has some ‘sober up’ news for oil
Massive credit-bubble fueled, multi-year booms in capacity, production and inventory don’t clear in a few months, especially when suppliers continue to increase output as demand falls. This chart of iron ore gives its April rebound some context. See, Iron Ore … Continue reading
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Nepotism between policymakers and corporations costing us greatly
The rise of extreme income disparity over the past 20 years may be misunderstood without historical context. In 2016, the combined wealth of the richest 1% of the world’s population is on track to overtake that of the other 99%. That’s … Continue reading
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Weak US dollar, strong oil?
Today the US dollar and Treasuries continue to sell off as if the Fed is going to announce some grand new ‘stimulus’ plan. In response commodities and the loonie have been attracting inflows once more. There are reasons to suspect … Continue reading
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