LBO
2015 Year In Review - Scenic Vistas From Mount Stupid
Submitted by Tyler Durden on 12/19/2015 20:35 -0500- Alan Greenspan
- Albert Edwards
- Ally Bank
- Apple
- Baltic Dry
- Bank of America
- Bank of America
- Bank of England
- Bank of International Settlements
- Bank of Japan
- Barry Ritholtz
- Bear Market
- Ben Bernanke
- Ben Bernanke
- Bill Gross
- Black Friday
- Black Swan
- Bob Janjuah
- Bond
- Book Value
- Brazil
- Bridgewater
- Capital Expenditures
- Carlyle
- Cato Institute
- Central Banks
- Chicago PMI
- China
- Chris Martenson
- Chrysler
- Citadel
- Cliff Asness
- Counterparties
- CRAP
- Credit Conditions
- Creditors
- Crude
- David Einhorn
- David Rosenberg
- default
- Demographics
- Department of Justice
- Deutsche Bank
- Dumb Money
- Equity Markets
- ETC
- European Central Bank
- Eurozone
- Federal Reserve
- FINRA
- fixed
- France
- Futures market
- GE Capital
- Germany
- Glencore
- Global Economy
- Global Warming
- Gluskin Sheff
- Greece
- Gundlach
- Hayman Capital
- Holiday Cheer
- Hyperinflation
- Illinois
- India
- Iran
- Iraq
- Israel
- Italy
- Janet Yellen
- Japan
- Jeff Gundlach
- Jeremy Grantham
- Jim Cramer
- Jim Reid
- Jim Rickards
- Joe Saluzzi
- John Hussman
- John Maynard Keynes
- Kazakhstan
- Ken Griffin
- KIM
- KKR
- Kyle Bass
- Kyle Bass
- Larry Summers
- LBO
- Lehman
- Mark Spitznagel
- Market Manipulation
- Maynard Keynes
- McKinsey
- Mervyn King
- Mexico
- MF Global
- Michigan
- Middle East
- Milton Friedman
- Monetary Policy
- Money Velocity
- Morgan Stanley
- Natural Gas
- New York Fed
- New York Stock Exchange
- Nikkei
- None
- Norway
- Paul McCulley
- Paul Tudor Jones
- Paul Volcker
- Precious Metals
- Quantitative Easing
- Rahm Emanuel
- Random Walk
- Ray Dalio
- Real estate
- Recession
- recovery
- Rick Santelli
- Robert Shiller
- Rosenberg
- Sovereign Debt
- Sovereigns
- St Louis Fed
- St. Louis Fed
- State Street
- Stephen Roach
- SWIFT
- Swiss National Bank
- Switzerland
- Themis Trading
- Transparency
- Treasury Department
- Unemployment
- University of California
- University Of Michigan
- Value Investing
- Wall Street Journal
- Warren Buffett
- Wholesale Inventories
- Willem Buiter
- Yield Curve
“To the intelligent man or woman, life appears infinitely mysterious, but the stupid have an answer for everything.” ~Edward Abbey
David Stockman Warns "Dread The Fed!" - Sell The Bonds, Sell The Stocks, Sell The House
Submitted by Tyler Durden on 12/18/2015 11:50 -0500Yellen and her cohort have no clue, however, that all of their massive money printing never really left the canyons of Wall Street, but instead inflated the mother of all financial bubbles. So they are fixing to blow-up the joint for the third time this century. That was plain as day when our Keynesian school marm insisted that the Third Avenue credit fund failure this past week was a one-off event - a lone rotten apple in the barrel. Now that is the ultimate in cluelessness.
Freight Shipments Plummet as Inventory Glut Bites
Submitted by testosteronepit on 12/15/2015 22:34 -0500The goods-based economy swoons.
Kinder Morgan - Poster Boy For Bubble Finance
Submitted by Tyler Durden on 12/11/2015 20:00 -0500After Tuesday’s dividend massacre, it’s plain as day that Kinder Morgan wasn’t the greatest thing since slice bread after all. That is, a “growth” business paying rich dividends out of rock solid profit margins and flourishing cash flow. In fact, it was just a momo stock on a borrowing spree.
"How Is This Possible" Deutsche Bank Asks, Looking At The Canary In The Junk Bond Mine
Submitted by Tyler Durden on 11/23/2015 10:50 -0500"The hardest questions we are trying to reconcile here are how is that possible to see all these signs of weakness under the surface being balanced by very strong equity markets and upbeat employment picture. One of these sides has to be wrong..."
Global Stocks Tread Water After Two Consecutive Terrorist Scares; Oil Rises, Industrial Metals Tumble
Submitted by Tyler Durden on 11/18/2015 07:03 -0500- Bank of Japan
- Bloomberg News
- Bond
- Carlyle
- China
- Copper
- CPI
- Creditors
- Crude
- Crude Oil
- Equity Markets
- European Central Bank
- Federal Reserve
- France
- Germany
- Glencore
- Greece
- headlines
- High Yield
- Housing Market
- Housing Starts
- India
- Japan
- Jim Reid
- LBO
- Monetary Policy
- Monsanto
- NAHB
- NASDAQ
- New Zealand
- Nikkei
- Price Action
- Recession
- Yield Curve
If this weekend's gruesome terrorist attack on Paris ended up being hugely bullish for stocks, then two subsequent events, a stadium-evacuation scare in Hannover (where Angela Merkel was supposed to be present) and a raid in north Paris which left several dead in the ongoing manhunt against the alleged ISIS mastermind, appear to have but some question into if not stocks then algos whether a rising wave of terrorist hatred across Europe is truly what central bankers need to unleash more QE. That said, we expect the current weakness to last only until the traditional USDJPY carry ramp pushes stocks traditionally higher.
Buyout Bubble Bursts As Banks Pull Carlyle's 'Biggest LBO Of The Year' Bond Deal Amid Soaring Costs
Submitted by Tyler Durden on 11/17/2015 12:10 -0500Ten years after Symantec paid $13.5bn for Veritas, Carlyle Group agreed in August to buy the data-storage business for just $8 billion (the biggest LBO of the year). Of course, the buyout deal made sense when the cost of funding was negligible and The Fed had your back but, as Bloomberg reports, amid soaring borrowing costs, banks have pulled the $5.5 billion debt offering for Veritas signaling a clear end to the reach-for-yield, nothing is a problem, bond market's risk appetite.. and if 'growthy' deals like this are being killed, what does that say for distressed bets on Energy M&A deals?
The Stench Of Freddie Mac Is Back - An $18 Billion Spree Of Crony Capitalist Thievery
Submitted by Tyler Durden on 11/12/2015 13:20 -0500Washington’s capacity to foster crony capitalist larceny and corruption never ceases to amaze. But as we recently noted, Wall Street’s shameless thievery from US taxpayers is about to get a whole new definition.
Why The Stock Buyback Spree Is Ending
Submitted by Tyler Durden on 11/07/2015 21:13 -0500"Sluggish activity will spur firms to repurchase shares in an effort to boost EPS growth" - Goldman Sachs
Wall Street's Latest Bounce - Ostrich Economics At Work
Submitted by Tyler Durden on 10/19/2015 07:51 -0500It is more evident than ever that the world economy is heading into a deflationary conflagration, but today’s generation of house trained bulls wouldn’t recognize a warning if it slapped them upside their horns. They refused once again last week to exit the casino because they got another signal from Hilsenramp that the Fed is on “hold” until at least next March. Call it Ostrich Economics. But do it quick. Those side-effects are coming to the casino some day real soon.
Avon Rips Higher, Halted Twice As Another LBO Rumor Squeezes Shorts
Submitted by Tyler Durden on 09/10/2015 13:03 -0500Just 4 short months ago, Avon stock soared after a fake private equity offer from a fake entity appeared. With a 20% short base, the stock exploded higher. Today, with 17.4% of the stocks' float short, The Wall Street Journal sparks some panic-buying...
*AVON HALTED; DISCUSSES STAKE SALE WITH PE FIRMS, WSJ REPORTS
Avon has now been halted twice and is trading up 12% (before re-opening). It appears our observation that AVP has a Debt-to-Ebitda of a stunning 3.7x that has blown away hope/hype of the LBO copming to fruition... AVP is fading fast.
No Steve Schwarzman, That's Not How "The Next Financial Crisis Will Happen"
Submitted by Tyler Durden on 06/10/2015 16:05 -0500"We take issue with the widespread notion that the problem is solely due to regulators having raised the cost of dealer balance sheet, and could be ameliorated if only there were greater investment in e-trading or a rise in non-dealer-to-non dealer activity... illiquidity is a growing concern even in markets like equities and FX, which use barely any balance sheet at all, and where e-trading is the already the norm rather than the exception."
Wendy's Unveils A Semi-LBO: Will Buy Back 50% Of Its Float
Submitted by Tyler Durden on 06/03/2015 10:40 -0500Wendy's just took buyback mania to the next level when, earlier today, it announced it would buyback $1.4 billion of its shares, which amounts to just under 50% of its entire float!
These Stocks Are Most Likely To Get A Fake "Buyout Offer" Next
Submitted by Tyler Durden on 05/15/2015 11:28 -0500Since yesterday's fake AVP tender offer was nothing but a targeted attempt to force a short squeeze in one of the market's most shorted stocks, the best way to be positioned for future such criminal activity is to go long precisely the most shorted stocks, the names which in any other universe would be the first to crash, burn and file bankruptcy, but in this parallel centrally-planned universe may just be the biggest winners.
As If 85 Million Avon Shares Short Suddenly Cried Out And Were Suddenly Silenced... By A Fake LBO Letter
Submitted by Tyler Durden on 05/14/2015 11:00 -0500How do you make what had been a very good couple of years for tens of thousands of Avon Products shorts into an absolute nightmare of a day? By doing what PTG Partners just did when moments ago it announced that, out of the blue, it would like to purchase AVP for a price of $18.75 or nearly three times higher than the Avon stock price moments before the announcement. Because why pay double when triple would do.



