So what if these guys were buying their stock in August. Dick Fuld bought LEH shares too.
Look at how clueless all these guys are. Jefferies with $715M exposure?
The reason this trades at a steeper discount is because the market is now suspicious of all this private credit b.s. all these guys have been selling and putting on their own books
Andrew, I love reading your articles. I like your style and how you think through your ideas as part of your narration. I will say that you have four or five typos in this article that become a bit of a distraction when it’s more than here or there. If you’re using a voice to text or something, you should QC this particular app you’re using and decide if it’s worth it. Keep up the great work otherwise!
That's really helpful feedback; thank you. I was in a rush this morning and think I just didn't do my normal proofreading process. I will think about ways to make the process easier / more natural going forward.
I guess issues with BDCs like this would be that using NBV as a metric would assume that they can liquidate their loans with the potential alpha being in knowing more of the underlying borrowers than previously available. $GECC
So what if these guys were buying their stock in August. Dick Fuld bought LEH shares too.
Look at how clueless all these guys are. Jefferies with $715M exposure?
The reason this trades at a steeper discount is because the market is now suspicious of all this private credit b.s. all these guys have been selling and putting on their own books
Andrew, I love reading your articles. I like your style and how you think through your ideas as part of your narration. I will say that you have four or five typos in this article that become a bit of a distraction when it’s more than here or there. If you’re using a voice to text or something, you should QC this particular app you’re using and decide if it’s worth it. Keep up the great work otherwise!
Brent
That's really helpful feedback; thank you. I was in a rush this morning and think I just didn't do my normal proofreading process. I will think about ways to make the process easier / more natural going forward.
I guess issues with BDCs like this would be that using NBV as a metric would assume that they can liquidate their loans with the potential alpha being in knowing more of the underlying borrowers than previously available. $GECC