The due diligence Elliott should’ve done before amassing a $1 billion stake in $LULU
AlgoFlows@algoflows
We have sent Algoflows Analyst#3 to do market research on $LULU. This is what he found out.
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Knightleg Capital
1.4K posts
Knightleg Capital
@Knightlegcap
Distressed Credit I SEC Unapproved I Tweets are Investment Advice I Waging War Against Private Market Valuation Methodology
加入时间 Ekim 2023
1.1K 关注2.4K 粉丝
@HighyieldHarry Onset has the opportunity to do something really funny
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Sir, the First Brands DIP has broken below par
junkbondinvestor@junkbondinvest
Situation so bad that First Brands' DIP is trading at 90 cents > DIPs are super-senior bankruptcy financing > First in repayment priority > Supposed to be low-risk When a DIP trades below par, it means even the safest loan in the capital structure is impaired The existing 1L TL? ~7.5 cents!
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“Some in our market are pushing aggressively to organize groups very early on (self-interested reasons to secure a mandate)… an unfortunate path, triggering unnecessary noise and activity around names, causing negative impacts for businesses”
Who is this referencing?
LMEmes@lolviolence
I like @petition's approach of asking guests more or less the same set of questions. Here's one for this space: what makes LMEs / special sits so meme-able relative to other legal-loaded disciplines like tax, secreg, M&A etc? @HighyieldHarry @Restructuring__ @junkbondinvest @junkbondanalyst @AyyouEm @milken_cookies @midtown_rob @DasWreck @maxfrumes
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Nobody:
CLO analyst underwriting the LBO:
Restructuring__@Restructuring__
Does anyone know the TEV or multiple Platinum Equity acquired Oregon Tool for?
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I have received communications related to a deal-away from a firm who calls themself PJT that are highly suspicious.
Jeffrey Gundlach@TruthGundlach
I have received communications related to art dealing from a person who calls themself Natasha Dobson that are highly suspicious.
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The PE partner when he sees the credit PM in the cafeteria (they are refusing to convert to PIK)
GIF
Exec Sum@exec_sum
NEWS: Vista Equity Partners is now coordinating and underwriting debt deals for its own portfolio companies.
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@Knightlegcap You mean the last lender in the co-op chasing Gibson Dunn to get in
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Gibson Dunn tracking down the last lender for their co-op to go effective
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@bankingslut I don’t, but one of their competitors paid me to post this
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Reorg changing its name to Octus
𝐿𝓊𝓍𝑒𐙚@btchsdtm
What's something people romanticize but it's actually horrible?
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If I were in charge I could end this Trump - Musk war in a day.
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