Yeah, I would wait for the broker to sue. By the way, if this is true, he was not short the entire account, he was short about 8000 shares, or $16k before Shkreli made his move. So he was short just $16000 in a $37000 account.
"Imagine instead a simple online interface that could generate a tailored credit score for you, taking into account your future earning potential based on your education and location. "
So the future of banking is redlining on steroids. I don't think all the Obama donors in SV realize how...
None of this is true. It's well documented that Rentech violated leverage limits. It was running at 15x leverage when hedge funds are limited to, at most, 6x leverage. Rentech in effect was running an unregulated broker dealer fronted by the legitimate broker dealers. If Simons had some special...
I bet you that was funded by hotels. The proposition on the ballot in SF was funded by the hotels. The fact is that AirBnb is relatively small compared with VRBO and Homeaway. The difference might be that Airbnb is a new source of supply whereas semi-pro landlords have always rented out rooms?
It looks like novogratz was an inflationista . . . expected fed hikes, long china and brazil, expected big increase in labor inflation in US. just another inflationista taken out by the unrelenting deflation. I looked at his results a few months ago (it's in the fortress 10k's if you go back...
Not so sure about that. Total investment in properties is $2.2B. Total rent revenues last quarter was $46M, annualize that it's $184M. So they're not even getting 10% yield on the properties before expenses and depreciation. FFO yield on the real estate is about 2.5%. It's hard to compete with...
I think a lot of the homes were bought blind and with the idea that they would be flipped to the public in an IPO. That's not going to happen, and managing all of those houses is a nightmare. There is a reason why managing residential rentals is for semi-wealthy retirees who have time on their...
http://fortune.com/2015/09/25/housing-wall-street-investment/
Earlier this week, two of the bigger residential real estate investment funds, Sternlicht’s Starwood Waypoint Residential Trust and Barrack’s Colony American Homes, announced they were merging, in part because neither of them were...