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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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Monthly Archives: January 2016
Why “The Big Short” matters
On January 27, the director of “The Big Short”, Adam McKay visited Washington for a screening of the film hosted by Economic Studies at Brookings. After the screening, Adam McKay joined a panel of financial experts and journalists to discuss … Continue reading
Canada’s real(ty) problem
Like most Canadians, real estate forms a large portion of my family’s balance sheet, so it’s not exciting to acknowledge that prices have run far past reason. But denial is a disastrous investment strategy and no up cycle lasts forever. … Continue reading
Power war in Nevada
Unlike other progressive changes in many other places, Nevada Public Utilities is on the wrong side of policy and evolution with their short-sighted capitulation to Buffett’s lobby. SolarCity, America’s largest manufacturer and leaser of solar panels, was welcomed into Nevada … Continue reading
