*Investors Blog*
- Thread starter Warstud
- Start date
60% sales decline in Sweden and Denmark. Small markets, but the world has moved on it seems.
Zee09
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And Elon is running his mouth again
Is Fortress publicly traded? I am thinking not
Fortress is a hedge fund. A very large one.
Not sure what publicly traded has to do with the refinance of some backed bonds?
Sorry I thought it was a company no problem just went looking on SA for articles. Been fighting with a dying keyboard YUIO quit working
Short version as I understand it. Fortress has some warehouses they lease to Amazon. The warehouses back the bonds at around $2B. So Fortress in essence owns the warehouse - commercial real estate - as I understand it.
If there terming out now that would mean they were originally originated in July 2020. So now interest rates are likely 3% higher - minimum. Probably 4-5% higher because no one wants CRE.
So they can't get them refinanced because the math at today's interest rates do not work, even with a stable tenant. In this case Fortress's options are either to let the current bond-holder have the property, or put more money in.
The point being - there has been much talk about the debt refinance wall - which probably has a lot to do why people in power are suddenly getting really antsy about needing lower rates. If you can't refi a warehouse that Amazon rents, how will you refi an aging intercity hotel, or a apartment block?
Or it could simply be one outlier
Owen Lucas
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Yeah what a shame, I wish he was less emotional. T even implied, if you may, deportation to South Africa.
I sure wish I had more money on the side because trading these swings is somewhat predictable.
The fact that they think they can de-naturalize a citizen because they don't like what they say should scare all of us.
Owen Lucas
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100%. Freedom of speech is paramount.
BUT
If you commit crimes and can't be rehabilitated, maybe this should be on the table. The British did this with Australia, it turned out OK. I digress!
It is. You can de-naturalize a citizen. The justice department can initiate the proceedings. I am unsure its ever been done - those that have committed such heinous crimes usually run first - like selling state secrets or whatever.
But no crime has been committed here. In fact the only thing that happened was someone exercised there most important right. Which is why everyone should be concerned, whether if they agree with that was said or not.
I think people need to lighten up. A diversion is a diversion.
Good call on the SQQQ. Going to dump it?
Good call on the SQQQ. Going to dump it?
Certain things shouldn't be joked about.
If your asking me, no - its a hedge so I plan to hold it till the 9th or taco tuesday, whichever comes first.
I am now eyeing VXX.
I agree to an extent but it’s Musk
Ok Today is taco Tuesday wait everyday is
Tuesday! I’m more in the green than expected today- nearly back to ATH before van and 50% conversion cost. I should probably use negative 100% conversion cost because that is sunk money as well even though it is still in MM
Zee09
$200 Site Donor 2023
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I hear lots about tacos, but they are mostly in Canada. Eh?
Making pennies the last few weeks. Very nice.
Ready to risk off in a few like some BDCs
Ready to risk off in a few like some BDCs
