Pete Schendel

Private investor. Recovering hedge fund partner. Not investment advice.

[Pete Schendel @pschendel]

@blondesnmoney Opening $GNRC ahead of the southern hurricane season

[Pete Schendel @pschendel]

@the_chart_life I think I have curated a nice group, generally don’t want to fade them

[Pete Schendel @pschendel]

@Rebrand_As_Y @Citrini7 Yes except my kids don’t even know what broadcast television is

[Pete Schendel @pschendel]

@marginofdanger This is really great. Nice work.

[Pete Schendel @pschendel]

@carsales_guy @singervehicles Not sure about pink, I couldn’t stop looking at this

[Pete Schendel @pschendel]

@MDTrades12 25% are barristas

[Pete Schendel @pschendel]

@Seawolfcap I focus on CFO open market purchases, they’re always the most pessimistic and they are most familiar with the numbers. There are a few academic studies that back this up.

[Pete Schendel @pschendel]

@gas_biz There’s a station in my neighborhood that charges $1-2 dollars over stations nearby. Right now they’re at $6.99 (California). I see people filling there, not super busy but consistent. Is this a business?

[Pete Schendel @pschendel]

@JimScalpert This is beautiful poetry

[Pete Schendel @pschendel]

@TripleNetInvest Thinking this has seen the worst of it

[Pete Schendel @pschendel]

@hendry_hugh We launched our hedge fund in the spring of 09, bought RMBS/CMBS/ABS, grew it to $5bn. The opportunity this time will be in buying stressed/distressed CRE loans from banks and insurers, and in buying fairly senior tranches of CMBS at pennies. Typical baby vs bathwater analysis.

[Pete Schendel @pschendel]

@hendry_hugh Because $CMBS doesn’t hold BBBs.

[Pete Schendel @pschendel]

@TripleNetInvest @jandreini1 Some of the office REITs have this peak fear priced in, just as sentiment is starting to change on RTO

[Pete Schendel @pschendel]

@carsales_guy @Porsche 100%. It’s all about the friends we made along the way. Oh, and Malibu is super fun with a manual GT3.

[Pete Schendel @pschendel]

@FreightAlley Does anyone have an opinion on the public truckers? Is there enough pain priced in?

[Pete Schendel @pschendel]

@TaxSaleGuy We raised a fund 1, small, I think it was $30mm to buy foreclosures in FL in 2009. Didn’t scale that well. So funds 2-5 are multi-family, our last fund was $280mm. So try to find a larger, adjacent strategy. The foreclosures are coming again soon!

[Pete Schendel @pschendel]

@SkolCapital @TripleNetInvest This doesn’t include dividends or spin-offs.

[Pete Schendel @pschendel]

@AladinKumar1 @ashleevance @ByrneHobart 100%. People don’t realize what a crazy instrument these are. Long duration, negatively convex, they’re a handful to risk manage

[Pete Schendel @pschendel]

@Erban_legend_ My mortgage has become my asset and my house is now the liability. I haven't calculated the current market value of my mortgage but I would imagine it should trade around $78.