Wednesday, April 22, 2020

Ladder Capital: Internally Managed mREIT, No CRE CLO Debt

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In the previous post I sung the praises of the use of non-recourse secured debt for Colony Capital (CLNY), here I'm going to do the same...
16 comments:
Friday, April 10, 2020

Colony Capital: Preferred Stock, Non-Recourse Debt, Complex Mix of Assets

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Colony Capital (CLNY) is a real estate private equity manager and real estate investment company that today fashions itself as a leader in t...
24 comments:
Wednesday, April 1, 2020

Watchlist: GLPI and Penn National Gaming

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There are a number of interesting situations and potential bargains out in the markets today, I typically don't write on companies where...
4 comments:
Thursday, March 26, 2020

What I've Been Buying, Coronavirus Edition

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I hope everyone is staying safe and healthy, but if you're interested, here are some thoughts on a few current positions where I've ...
10 comments:

SciPlay: Fake Slots in a Casinoless World

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I've averaged down on a few current positions (possibly too early and unwise), many of which carry debt, are exposed to customers leavin...
7 comments:
Monday, March 16, 2020

Madison Square Garden: MSGE Form 10, Corona Fears

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Financial markets are in turmoil, it feels like a strange time to be writing anything new as lives are being drastically impacted, hope this...
7 comments:
Thursday, January 30, 2020

Emmis Communications: Selling Below Net Cash, Mediaco Holdings

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Emmis Communications (EMMS) is a micro-cap (~$50MM) radio broadcaster that recently sold their two popular New York radio stations (substant...
20 comments: