Bond_Sleuth

Happiness is Positive Cash Flow

[Bond_Sleuth @BondSleuth]

@Citrini7 @dampedspring @sonecrockett USDA says HFCS is only 3.8% of corn crop. 50% is animal feed, 30% is ethanol

[Bond_Sleuth @BondSleuth]

@Lordshipstrade @Lordshipstrade what do you think of this, are they going to say CCC/IPCC/IEA all say it’s fine so we do too? - https://t.co/2YuZttSNOA

And this https://t.co/KU2Atm83gB

[Bond_Sleuth @BondSleuth]

@HedgeyeREITs Oh and the Audit Chair being 85 years young and on the board for 20+ years (albeit with a 7 month repo break)

[Bond_Sleuth @BondSleuth]

@HedgeyeREITs That is all

[Bond_Sleuth @BondSleuth]

@CavaggioniMario @ArneW_HY Very keen to hear the other side of the argument

[Bond_Sleuth @BondSleuth]

@CavaggioniMario @ArneW_HY Oh and the A&E route! I think Atalian shows what happens there, take back bonds trade like dog, sponsor gets their hands tied and it becomes almost inevitable that they never see a penny back from their holding. Not sure why sponsors would do this and commit slowmo Hara-Kiri

[Bond_Sleuth @BondSleuth]

@ArneW_HY @CavaggioniMario None of the sponsors are household PE issuers so there is no reputation to protect and this is a vestigial, decade-old position. Finally, if the sale process kicked off in Jan then we would have had several rounds of bids already, but not a single headline or comment from company

[Bond_Sleuth @BondSleuth]

@ArneW_HY @CavaggioniMario But there is material RP/PI capacity in the bond docs and Un-Subbing to transfer value to equity is explicitly permitted by RP language. So sponsors could salvage some value. They showed their hand in Covid when first time business ever generated cash it all went out as divis…..

[Bond_Sleuth @BondSleuth]

@HedgeyeREITs a day after they upgraded.....

[Bond_Sleuth @BondSleuth]

@TidefallCapital Straight-line rent accounting for REITs. Reverse Factoring/Supply Chain Finance.

[Bond_Sleuth @BondSleuth]

@aryal1994 Who is the lender?

[Bond_Sleuth @BondSleuth]

@RagingVentures A Multifamily & Office sandwich. Not the most palatable but haven’t dug

[Bond_Sleuth @BondSleuth]

@RagingVentures @RagingVentures Have you looked at NY Community Bank?

[Bond_Sleuth @BondSleuth]

Deal with on a daily basis - it could be said that you have earned the right to call it the best training program in the world. Ironically that is!

[Bond_Sleuth @BondSleuth]

@British_Airways I am still waiting to hear from your customer services 128 days after I contacted you. I flew out to Marseille from LHR in late August and returned on the 13th September. My wife and I booked the flight before our baby was born in June and subsequently called…

[Bond_Sleuth @BondSleuth]

I will try to end on a positive note. Your cabin staff are fantastic, they are so helpful and positive even when faced with pissed off customers such as myself and a real credit to your beleaguered brand. This is perhaps not a surprise given the amount of fuckups they have to….