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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: May 2018
Must read: Getting rich on government-backed mortgages
Mortgage brokers driving Lamborghinis… We have learned zero from the 2008 financial crisis. Coming ’round again for sure, stay liquid. See: Getting rich on government backed mortgages: Many of Christian’s customers have no savings, poor credit, or low income—sometimes all … Continue reading
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Netflix series Dirty Money on Payday loans
The second episode of the six-part Netflix docu-series ‘Dirty Money’ is on payday loans and should be seen. Payday loans have grown into a booming predatory business over the past decade. The cost of borrowing exacted through transaction and ‘administrative’ … Continue reading
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Danielle on The Financial Survival Network
Danielle was a guest with Kerry Lutz on The Financial Survival Network, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here. Here is a direct audio link.
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