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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: February 2025
Investors dumping real estate
Blackstone is selling off their subsidiary Home Partners of America, and doing big price reductions on certain homes. This is an indication of the ongoing investor selloff occurring in the US Housing Market. Big Wall Street investors like Blackstone and … Continue reading
Canadian insolvency filings leap along with property listings
The Hoyes, Michalos 2024 Canadian Joe Debtor Survey is out and available here. The numbers portray Canadian households as increasingly cash-strapped and vulnerable to unexpected shocks or economic weakness. S0me standouts: The average insolvent debtor owed $60,678 in unsecured debt … Continue reading
Cooper: Canada is a major fentanyl portal
Today we’re speaking with Canadian investigative journalist Sam Cooper, whose deeply researched book Wilful Blindness exposes Canada’s damning role in the opioid trade. This might explain why the Trump administration is going on the offensive with our northern neighbor. Sam’s … Continue reading
