CMBS Delinquency Rate Spikes by Most on Record

Commercial Mortgage Backed Securities backed by hotel and mall properties get hit the hardest. Mall-REIT CBL failed to make a bond interest payment today. By Wolf Richter for WOLF STREET. The delinquency rate for commercial mortgage-backed securities (CMBS) spiked from 2.29% in April …

READ MORE

DKNG – Fundamental DD Inside – DKNG

by IAMB4TMAN This is an example of fundamental DD that takes place at ‘smart’ money institutions based on my professional experience in IBD, Private Equity & most recently at a HF (mods can message me for proof). Not thoroughly fleshed …

READ MORE

Shorting Uber

by chancellor-sutler Uber IPO’d 1 year ago for $42 a share raising $8.1bn with an initial market cap of $70bn. Today the stock trades at $34 and has a market cap of $62bn. It is trading at a 72x it’s …

READ MORE

The Fed is creating the largest asset bubble ever.

https://twitter.com/NorthmanTrader/status/1267835888781930498 Zombie world pic.twitter.com/yzrAZ5ytTP — Win Smart, CFA (@WinfieldSmart) June 2, 2020 HALF OF SMALL BUSINESSES CAN'T COVER EXPENSES pic.twitter.com/cfuI4yyoIJ — Win Smart, CFA (@WinfieldSmart) June 2, 2020 2020 is a weird and ugly mix of 1918, 1932, 1967, and …

READ MORE