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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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Daily Archives: June 27, 2025
People with high incomes tend to have the highest leverage
Many people believe that “rich people always have money.” What is typically overlooked is that people with higher incomes tend to have higher overhead and debt levels, and any savings they have are often invested in risky asset markets. This … Continue reading
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Rosenberg: the math Wall Street ignores
An insightful overview in this segment. Happy Friday! Guy Adami and Dan Nathan host economist David Rosenberg of Rosenberg Research on the RiskReversal podcast to discuss the state of the market, economic conditions, and geopolitical factors. Rosenberg outlines the volatility … Continue reading
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