Hints and tips:
...Marty Fridson, of Lehmann Livian Fridson Advisors, remains the most value-conscious corporate bond analysts. He argues spreads have ceased to make sense....
...The chart below, courtesy of Marty Fridson of Lehmann Livian Fridson Advisors, makes the point....
...“A few months have passed without more bank failures after First Republic”, Marty Fridson, chief investment officer of Lehmann Livian Fridson Advisors, referring to the collapse of another lender in May....
...“Is it true that triple-C firms have interest coverage ratios below 1? Definitely, but that’s always been the case....
...(Virtually every episode of rising default rates in the high-yield bond market is explained by either recession or plunging oil prices, Marty Fridson of Lehmann Livian Fridson Advisors points out.)...
...Antique silver spider (c....
...I mean, you know, this, this concept of the Overton window, you know, shifting it, really, really did. Lilah RaptopoulosAn Overton window. If you don’t know, is just a cultural shift....
...(Kenza Bryan) C is for cash Amid all the turmoil, investors will be looking to deploy serious quantities of cash to chase the hottest opportunities presented by the energy transition....
...“It’s quite a change from a stable environment to a big drop off but it’s not as if this is a market panic,” said Marty Fridson, chief investment officer at Lehmann Livian Fridson Advisors....
...Marty Fridson, chief investment officer at Lehmann, Livian, Fridson Advisors — and a longtime observer of the high-yield market — uses a five-factor econometric model of fair value in high-yield bonds....
...I spoke to Marty Fridson, chief investment officer at Lehmann, Livian, Fridson Advisors, and a longtime observer of the high-yield market....
...The hunt for higher-yielding assets to generate better returns has sent even triple C rated bond yields to an all-time low of just above 7 per cent this month....
...This pattern is replicated within the rating silos of double B, single B and triple C paper that comprise the high-yield market....
...The triple-B-rated tranche of the CMBS backed by the property has been downgraded by Kroll to triple C, implying a high likelihood that it will default....
...At this stage in 2019, Marty notes “the year-to-date gap between triple C and lower, at 6.13 per cent, and the full ICE BAML US High Yield index, at 11.5 per cent, is unprecedented”....
...So much for energy really dragging on triple C credit....
...Allocating c. 2/3 to BASF would still imply a potential total damage risk for Bayer of c. €11bn....
...Lombard All the various failings at advertising group M&C Saatchi may be traced to the same root cause: that 1980s creative-led business model. Read more...
...that investors are willing to take some risk to get a higher yield in the continued low interest rate environment but they are showing some residual signs of caution for the most risky companies,” says Marty...
...That man was Marty Cohen, an analyst with an interest in real estate. Both Mr Steers and Mr Cohen were under the direction of Howard Marks, who went on to found Oaktree Capital....
...Climate Action focused on, only 9 per cent had emissions targets that were in line with (or go beyond) the minimum goal of the Paris agreement, which seeks to keep the rise in the global temperature below 2°C....
...Marty Lipton does not have the look of an American revolutionary. At the age of 88, he is seldom seen without a carefully pressed suit and dapper tie. His resume reeks of Wall Street power....
...the narrator of Robert Frost's oft-misunderstood poem, market-watchers may find it easy to assign unwarranted significance to an arbitrary occurrence -- divergence between credit spreads, according to Marty...
...New research from Marty Fridson of Lehmann Livian Fridson Advisors this week showed that in months with very low volatility, you have to go to the lowest quality rungs of the junk universe to significantly...
...One man who seems to have listened to Cramer, to his apparent detriment, is Marty Bannon, father of Steve Bannon....
International Edition