Private-equity firms don’t have to wait for IPOs to cash in on their portfolio companies. They can simply direct those companies to pay them big dividends using borrowed money.

by SpontaneousDisorder   Got the title from this tweet And if you’re paywalled…………… The emergence of racier high-yield bond deals in Europe may be pointing to a market that’s reaching … Read more

According to Bloomberg, of the 1600 firms giving 1st half guidance, 40% predicted a drop in earnings. That E in your PE ratio is trending lower & “cheap” is relative.

via Trinh Nguyen: Worst sectors in H1: a) Petroleum processing -56%(worsening)🥶 b)Other mining -44% (improving) c) Non ferrous metals -38(improving) d) Chemical fibers -25% (worsening)🥶 e) Metal products -15 ((worsening)🥶 … Read more