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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: December 3, 2015
Short term gains purchase longer term pain for dividend stocks
For many months we have noted the foreboding gap that was building between plunging real economy sectors (like materials and energy at lower purple arrow in first chart below) and still levitating, expanding leverage sectors like financials (in mauve at … Continue reading
A review of banker immunity and price we are paying
Closing keynote “When timidity triumphs” by Robert Jenkins, formerly member of the Bank of England’s Financial Policy Committee; Adjunct Professor of Finance, London Business School; and Senior Fellow at Better Markets. Here is a direct video link.
TED: Connected but alone
Wisdom insists that we intentionally control gizmo time and be fully present in real time. As we expect more from technology, do we expect less from each other? Sherry Turkle studies how our devices and online personas are redefining human … Continue reading
