Gaelan Hanlon

Institutional investing ramblings. May add to over time. 1/n:

@compoundpapi Yuck

$cabo enterprise value down from >$15B at it's peak to probably ~$2.5B today after adjusting for fact that debt trades at a considerable discount to par 👀👀

I'd like to report a chart crime

@compoundpapi Last part "the government also plans to create a was for individual Canadians to contribute" The SWF will most likely be heavily tilted towards private assets. Sounds like a way for retail to access private markets directly rather than through advisory channels?

@compoundpapi Democratization of private markets, baby

Make it happen share.google/qdhEFJRz44Rj8t…

@JerryCap Companies raising capital at 17.5%+ don't have $1T+ market caps

🚩

@compoundpapi @PythiaR Lol, I remember this thing issuing over 1B of 'high yield' debt at sub 3% for 10Y in 2020, and trading at 20x EBITDA or something

Everyone taking about 5 year contracts for memory needs to go study $EAF and let me know how the 5 year contracts they wouldn’t stop talking about at/after the IPO worked out.

I picked the perfect hedge somehow

These stocks have nothing to do with one another. Yet they are the inverse, everyday for 8 months now.

Earnings after close tmw

@BarrySchwartzBW Awesome, look forward to it

@GaelanHanlon We discuss on our podcast that will be released this week

Meta 21x 2026 MSFT 23x 2026 Feed me more

Stress levels right now

God bless MacKinnon

Of course, buying at a discount to par could raise questions of about the validity of marks for the existing private debt investments in your portfolio

With what is going on in public markets, you'd think the buyers (ex Kuvare) would be able to get a meaningful discount to par...

Blue Owl permanently halts redemptions at fund aimed at retail investors ft.trib.al/OXI49dj

Democratization of private markets How it started, vs how is going

@capitalemployed Why not $tpz.to?

Black Bear Value Partners stock pitch on PrairieSky Royalty $PSK.TO 🇨🇦 - Pure-play oil and natural gas royalty company. - Owns one of Canada’s largest portfolios of subsurface mineral rights and royalty interests. - Leases its land to third-party energy producers and collects high-margin royalty revenues based on production without incurring operational costs or capital expenditures. - Lack of global investment in energy development and potential for inflation, PSK serves as a long-term business investment. - Run by an exceptional CEO and Board.

Need to throw the book at these cops. Complete betrayal of public trust. theglobeandmail.com/canada/article…