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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
Daily Archives: January 3, 2019
Have you borrowed money to buy stocks and other securities?
Some recent mail from blog readers has reminded me of an important topic always worth repeating. Many financial sales firms recommend that their customers/clients borrow money either against their real estate (HELCOs or mortgages) or against their security portfolios (margin … Continue reading
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Falling stock market likely to exacerbate housing market decline in 2019
Because real estate is the most widely held asset in the world, its cyclical moves tend to be the most economically impactful. After a fifteen-year upcycle, Canada’s two most populous metropolitan areas–Toronto and Vancouver–entered 2017-2018 with the dubious distinction of … Continue reading
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Bear market fuel continues in 2019
Economist David Rosenberg explains factors suggesting an 80% probability of recession and negative impacts on financial markets in 2019. Here is a direct video link. “We’ve got more than 80 percent chance of recession just based on the fact the … Continue reading
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