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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: November 2017
Syndicated mortgages are no safe bet
Investments in syndicated mortgages and related securities have been heavily sold to yield-hungry savers and retirees the past few years, especially as our world-famous realty bubble has billowed in Canada. Advertising yields of 7 and 8%+– in a world where … Continue reading
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World’s plastic binge: a million bottles a minute
A million plastic bottles are bought around the world every minute and the number will jump another 20% [to top half a trillion by 2021], creating an environmental crisis some campaigners predict will be as serious as climate change. ..Fewer … Continue reading
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A smile to end November
As we commence another day of mad, mad news, here’s a little levity for the realists. Monty Python’s Always Look on the Bright Side of Life Sing-Along. Here is a direct video link.
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