M&A Masterclass: When LBO meets Hostile Takeover
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Paramount vying with Netflix to buy Warner Brothers Discovery is all anyone can talk about. But there’s SO much the financial press is getting wrong — or missing altogether. We are breaking down EVERYTHING you need to know to be smart about the […]
Will our favorite HBO Max show Industry…be on Netflix soon!?!
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Netflix and Warner Bros. Discovery have entered into a definitive agreement under which Netflix will acquire WBD’s content and streaming/studio business, specifically: HBO, HBO Max, Warner Bros. film & TV studios, and their extensive film and TV library. The deal is priced at […]
Is the AI Boom a Bubble? Michael Burry Weighs In
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Burry was one of the first major investors to short subprime in size leading up to the 2008 crisis. His story ran alongside Steve Eisman’s in The Big Short (check out our interview with Eisman from earlier this year!). Now Burry is loudly […]
Special Report: Is Private Credit Past its Peak?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Much ado is being made in the headlines about Private Credit these days. Are we at or past peak for an asset class that has become the darling of investors over the past few years? Or do greater things lie ahead? Perhaps it […]
Meta and xAI: Project Finance and Lease Accounting 101
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny $6.5 BILLION DOLLARS. That is roughly how much MORE Meta is paying to raise debt in the private credit market for their new AI data center vs. what they could have paid financing the data center in the traditional corporate credit market. So […]
No Foregone Conclusions: Is Jerome Powell Playing Hard to Get?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny It should have been a nothingburger of a Fed meeting. At the September FOMC meeting after cutting rates by 25bps, Powell described the Fed’s approach as one of “risk management”, suggesting that its next steps would be extremely data dependent. But with the […]
Apollo vs. First Brands: FAFO in the Credit World
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny One of our followers reached out this week with a great question. They’d seen a story in the FT about Apollo buying credit default swaps on First Brands, the company that has become a huge story in the private credit world due to […]
Is the Credit Market Finally Cracking?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Two high-profile bankruptcies in the auto sector, Tricolor Auto Group and First Brands, have dominated headlines in recent weeks. These developments feel timely to us, as we’re currently reading The Credit Investor’s Handbook ahead of our conversation with author Michael Gatto on Restructuring […]
Gold is Trading at All Time Highs. Why Do People Invest in Gold in the First Place…and Why Now?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny You may have seen headlines recently that gold has hit an all-time high. Feels like a great time to talk about what it means to invest in gold, why investors oftentimes allocate some portion of their portfolios to it, and what’s happening right […]
Should We Ditch the Fed Funds Rate?
By Jen Saarbach & Kristen Kelly, Co-Founders of The Wall Street Skinny Here’s why I don’t think this is a crazy idea… Dallas Fed Chair Lorie Logan made headlines last week suggesting that we should abandon the Federal Funds rate as the primary mechanism for monetary policy transmission. She’s not the first to suggest this […]