stressed assets

@DumbInvestorGuy Talk to me goose.

@stressed_assets 🙏

Who are the best biotech investors in this joint?

$CGEH

open.substack.com/pub/redwoodcap… $BE $SNDK

@askjussi What’s the thesis on life sciences? And does AI help or hurt demand going forward, in your opinion?

The REIT market is still broadly cheap, but some property sectors stand out as even more discounted than the rest. I think self-storage in Europe and life science are two of the most compelling opportunities today.

@chipperPat What’s that?

@stressed_assets RYZ

What are best public market investments or sectors to invest in the American manufacturing renaissance?

@ErnestWongBWM Equipment rental, makes a ton of sense

@stressed_assets $URI and $SUNB

@SleepwellCap What’s that?

@stressed_assets $CGNX

@WaterworldCapi1 What’s that?

@stressed_assets People won't like it but $CMCO.

@RealAssetsValue @jay_21_ Ask WELL and VTR if they wanted CNL (they did), but for different reasons weren’t able to move forward to get the deal done.

@jay_21_ The best, challenging question I've heard asked of $SNDA - and not yet compellingly answered - is if $WELL / $VTR have a cost of capital approximating zero, seemingly an infinite amount, and massive acquisition appetite, does the fact they didn't buy CNL mean the assets are crap?

Nice letter from $SNDA reinforcing they are capital allocators and stewards of capital (rather than empire builders like other real estate companies...) sec.gov/Archives/edgar…

@adoxen @Mr_Neutral_Man The facts were different then. Supply was a problem. Now it’s on its last legs of being a problem.

Supply has really dropped off in MF, Industrial, SS If you even suggest that there will be rent growth in Sunbelt MF or SoCal Warehouses, people will bring out the pitchforks High cap rate (low 6 to high 6) + low expectation = Solid forward IRR

@MrMojoRisinX Hi 🤠

When a corporate action is announced, most skim the press release and move on. The complexity isn't worth their time or doesn't fit their mandate. But sometimes that announcement is a clearing event (esp when direction of fundamentals is inflecting). Quietly diffusing the primary tail risk changes things for everyone. Longs get a better probability distribution. Shorts lose a big part of their thesis. A single announcement can clip the left tail and strand the shorts who built their thesis around it. Do you see it (this is the correct use btw cosplayers)

$SNDA Aligned c-suite, strategic sponsor & an inflecting theme is a powerful combination. In Sonida, we have all three. Add to that, a transformative transaction, a cleaned up capital structure & a highly incentivized management team. Smell that ? open.substack.com/pub/showmethei…

@bucketshopcap Word

Still seeing people think RIFs are happening b/c of AI. It's the perfect cover of course, just not the real story.

@therealbiinnkks 🤠 👋

@stressed_assets 🫡

Who knows alts well on here?

@CEOStockWatcher Re $SNDA: I believe he helped to fund the cash component of the transformative M&A deal and bought stock at the then stock price (~$27). It just happened that the stock has rallied a bunch since then.

A few massive insider purchases from last week that you may have missed: Ken Dart bought $300M of Total Return Swaps on Flutter Entertainment $FLUT Director (MEHTA NEIL) at Coupang, Inc. $CPNG purchased $136.56M (first-ever purchase). A director at Sonida Senior Living $SNDA bought a $100M (he was able to buy at a 20% discount)

My biggest contra says we going lower