JiveTalkinRobot

TradFi Managing Director. LevFin. Investment Banking. Former Equity Research. Corp Dev/Strategy. Crypto Degen. Lurking in Goblin Town.

[JiveTalkinRobot @RobotJive]

@albetrose_alex @KobeissiLetter Reading too much into it. The sell off is because this is just plain ugly…EV or not.

[JiveTalkinRobot @RobotJive]

@a16z @rogersutton Regulation…

[JiveTalkinRobot @RobotJive]

@KobeissiLetter @rogersutton

[JiveTalkinRobot @RobotJive]

@PiersDenney @F1 The alternative would have been a disqualification for driving an unsafe vehicle and not retiring.

[JiveTalkinRobot @RobotJive]

@gray290545_gray @Houseofyogi This has nothing to do with bailouts, your company or jobs. It’s about Warren advocating to block a merger between two public companies that would have saved jobs and kept competition for lower airfares.

[JiveTalkinRobot @RobotJive]

@LynAldenContact I was hoping it was going to say it made us smarter. Read it only to find out that it just carved-out space in out brain dedicated to Pokemon.

[JiveTalkinRobot @RobotJive]

@RobKuhn_ @rogersutton

[JiveTalkinRobot @RobotJive]

@CypherSacha I think you are giving too much credit lol.

[JiveTalkinRobot @RobotJive]

@agent_investr @shortsqueeznews It’s accurate though…

[JiveTalkinRobot @RobotJive]

@DariusDale42 @rogersutton this is exactly my take

[JiveTalkinRobot @RobotJive]

@knawmeen @Docofgothm @KobeissiLetter In software, I think it is a bit different. They laid off the higher paid new hires (during the post covid rush to hire) then laid them off when they realized when they could. Job market is soft so those roles can now be hired for lower salaries.

[JiveTalkinRobot @RobotJive]

@yieldcurveghost @BearsRyman @peruvian_bull @grok For banks to take losses, there would have to be massive deterioration in enterprise value. If a fund portfolio of 100+ borrowers experienced a 65% deterioration in EV…catastrophic. Another way to look at it, portfolio models illustrate 40% loss rates before banks lose money.

[JiveTalkinRobot @RobotJive]

@yieldcurveghost @BearsRyman @peruvian_bull @grok We are talking about 65% weighted average LTV on the broad private credit fund loan portfolio which typically provide loans at 25-50% loan to enterprise value. Effective bank exposure on 30-35% enterprise value on a diverse portfolio of loans across multiple industries.

[JiveTalkinRobot @RobotJive]

@BearsRyman @yieldcurveghost @peruvian_bull @grok You don’t need Grok to know that the original post is wrong and from someone who is trying to sound smart without knowing what they are talking about. Wells structure on the NAV facilities are governed by borrowing base mechanics and result in low LTV with priority over equity.

[JiveTalkinRobot @RobotJive]

@Hedgeye Are these payment defaults or covenant defaults?

[JiveTalkinRobot @RobotJive]

@EnvistorInc @burrytracker $PSUS is such an appropriate name haha.

[JiveTalkinRobot @RobotJive]

@rogersutton @KobeissiLetter How much is this due to over hiring at high salaries during the past 3-4 years. Looks like the pendulum is swinging the other way now.

[JiveTalkinRobot @RobotJive]

@_PPMan_ @Tradewith_kd 100%. It’s funny how these larping influencers gain so many (and hurt so many) followers by pretending to know what they are talking about.

[JiveTalkinRobot @RobotJive]

@RyanSAdams @rogersutton