Jon Sticha

Fixed income PM. Die hard bandwagon MN sports fan

[Jon Sticha @jonsticha]

Some....less than typical names on this rent growth list

[Colby Cohen @ColbyCohen36]

Every GM that hem and hawed because there wouldn’t be an extension or any understanding of an extension with Hughes…

Bill Guerin bets on his organization and they get the payoff win in round 1 on the heels of a super star performance by Hughes.

Bill Guerin does his job with conviction. Whether it was picking “unpopular”picks for Team USA or the Hughe trade. As a hockey fan, this guy is everything you want in your leader.

👏🏻 Billy G #MNWild

[Jon Sticha @jonsticha]

@strangis Always looking for ideas

[Jon Sticha @jonsticha]

Blue Owl estimates that, based on BDC leverage profiles of 1x debt/equity, their loan portfolios could endure a 50% loss rate with minimal to no recoveries before unsecured bond holders would be impaired (GFC peak loss rates in private credit were ~10%). #privatecredit

[Jon Sticha @jonsticha]

$65.75B in new issue corp bond supply yesterday smashes the previous record of $52B. $AMZN alone issued $37B on peak orders of $126B, second only to $ORCL last month.

[Jon Sticha @jonsticha]

it seems $BRO agrees after announcing a $250mm share repurchase this morning.

[Jon Sticha @jonsticha]

The selloff over the past few months in the insurance broker space feels over done. Some of these are looking interesting. $BWIN $AJG $RYAN to name a few

[Jon Sticha @jonsticha]

@TheDemocrats

[Jon Sticha @jonsticha]

@GrageDustin @JessieJaneDuff Add Modist Brewing in Minneapolis to that list

[Jon Sticha @jonsticha]

Someone check on Shkreli $CAPR 🚀

[Jon Sticha @jonsticha]

😭😭

[New York Post @nypost]

The Beach Boys’ Brian Wilson dies at 82 https://t.co/Wjwy5EXYNC

[Jon Sticha @jonsticha]

@BamaBonds As a secondary PE buyer I can't say I'm mad about this development:)

[Jon Sticha @jonsticha]

Fun stat for my HY investors: A recent study from Barc showed that when the yield on the broader US HY mkt is between 8% and 9%, the median 12-month forward return is 10.8% and investors experience a positive 12-month forward return 90% of the time. HY index is currently 8.4%.⁷

[Jon Sticha @jonsticha]

our capital allo strategy, which is designed to enhance lt shareholder value. Strategy consists of maintaining and growing our divy over time, reinvesting in our business at an appropriate level of financial return, and making value-enhancing share repurchases

[Jon Sticha @jonsticha]

With the $HLN sale announced and proceeds expected to be used to delever, $PFE sounds like a shareholder friendly co once again. From their latest earnings call+

[Jon Sticha @jonsticha]

@GilmanHill precisely my question. WIRP was only pricing two cuts in 2025 pre-meeting anyways. This was not an earth shattering announcement imo.

[Jon Sticha @jonsticha]

@Mishbia15 @Suns please buy the Twins!

[Jon Sticha @jonsticha]

The time has come to start dabbling in $UNH imo. Going long

[Jon Sticha @jonsticha]

@ThatEricAlper Rubber Soul, Revolver, Sgt. Pepper

[Jon Sticha @jonsticha]

I absolutely hate T+1 settle for fixed income. That is all.