Relevant:
- Kushner Partner in 666 Fifth Ave. Says It Has Deal to Sell
- Richard Russell - Gold is Showing a Price Objective of $1,880
- Super-Weak Consumer Landscape Portends Poor Retail Earnings Soon To Come
- Media Reports on Retail Sales Were Dead Wrong -- Sales Were Strong (But The "Recovery" Still Sucks)
- Lenders find ways to soften debt distress
2018-08-06 — therealdeal.com
During Tuesday's call, Roth stuck to other topics, namely signs of distress in the retail sector, as assets bought at the top and loaded with debt have started to struggle. He said if he could buy retail today at a 10 percent discount to peak values from three or four years ago, he "wouldn't touch it with a 10-foot pole."
"This game plays out very slowly," Roth added, noting that the first cracks are appearing. "We're beginning to see lenders who are out of the money," he said. "We're beginning to see mezz lenders and debt funds and private lenders beginning to become aware of the fact that they are impaired."
source article |
permalink |
discuss |
subscribe by:
|
RSS |
email 
Comments: Be the first to add a comment
add a comment | go to forum thread
Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately.
