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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: April 2018
Record price to sales for developed world stocks
It’s hard to be hyperbolic about the present level of equity valuations. Suffice to acknowledge: the overpricing today is more extreme and pervasive than at the tech fueled market top in 2000. This suggests the correction phase coming should also … Continue reading
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Our late ‘great’ credit cycle
Over the past decade, record low interest rates and central bank-driven-speculation drove unprecedented global appetite for junky investment assets. As investment-grade yields fell from 5 and 6% to 1 and 2%, most individuals and pensions did not, or could not, … Continue reading
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Ed Asner on how free speech and support for free elections cost him in America
Last night we went to see Ed Asner at our local theater in the one man comedy and social message on prostrate screening, “A man and his prostate”. It was funnier than the title may suggest! But most of all, … Continue reading
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