@ACapitalLP It’s a tough business for traded markets. Goldman did an ipo for their Petershill business and the stock struggled a lot before being taken private again.
@gfgeorge3 @zerohedge This. Boaz is agreeing with BO that the assets are worth far more than the market price. He’s happy to fleece panic selling retail.
@Steve_Sailer@Peter_Nimitz The comp is less of an issue than the fact that all investment decisions get second-guessed by politicians who don’t know what they’re talking about.
@RRCSLC@DylanEveryday But reportedly the difference is very minor. Doesn’t mean it can’t change later, but 1-2% more is not material. It’s not like they’re expecting double that of NW or Minnesota.
@cronoskapital@LeylaKuni@grok I’m guessing it was in default and the Special servicer was advancing payments. The loan was auctioned (“auctioned”) off to repay the bond holders, who got far less than par.
@LeylaKuni@Moe_Shaltout You’d need to apply a loan-by-loan SEV to each loan, and if you know the unitranche detachment point point (they aren’t all uniform) you could assess expected loan-by-loan loss given default expectations.