Articles by Daniel Marsh
VICI Properties Boosts Dividend Despite Rising Interest Costs
VICI Properties raises dividend 2.2% to $0.46/share, yield 7.24%. AFFO covers payout 1.34x, but refinancing adds $21.9M annual interest cost.
Blue Owl's Loparex Markdown Raises Private Credit Valuation Questions
Blue Owl Capital marked Loparex loans down 93%, raising questions about private credit valuations as OBDC trades at a 20% discount to NAV.
S&P 500's Rich Valuation Faces Inflation Test
The S&P 500's 21.4x earnings multiple faces a critical test as August CPI data looms. A hot inflation reading could compress valuations.
Ferrari's Monza Race Day: What It Means for Investors
Ferrari starts Monza from the second row, but shares have slipped 6.1% from their August peak. Racing revenue is a small but growing slice of the business.
Spire Healthcare's 250p Offer: A Familiar Price, New Dynamics
Spire Healthcare accepted a 250p cash offer, leaving a 5% spread. But history shows the same price failed in 2021, and current backing is below that threshold.
PENN Entertainment Faces Steep Decline as Promotions Test Cost Discipline
PENN stock dropped 15.2% post-earnings. TheScore Bet's $1,000 reset may cost less than advertised, but investors question if H2 can break even.
JLR's 4,000 Job Cut Report Puts Tata Motors PV's Thin Margin Under Spotlight
JLR's reported 4,000 job cuts highlight a razor-thin 7,915-vehicle cushion above its 300,000 breakeven target, putting Tata Motors PV (NSE:TMPV) under pressure as markets reopen Monday.
Berkshire's Alphabet Stake Slips $375M Despite Discount
Berkshire's $10B Alphabet block is down $375M, as shares fell below the discounted purchase price. The mark-to-market loss tests Greg Abel's capital allocation.
Rigetti CFO Sells $375K in Shares After Option Exercise; Valuation Hits 220x Revenue
Rigetti Computing's CFO sold shares after an option exercise, leaving his stake flat. The stock's valuation remains extremely high at 220x revenue.
Bathla Group's $4.9B Asset Value Masks $3.4B Debt Crisis
Bathla Group's $4.9B in property assets may not cover $3.4B debt due to liquidity issues. Creditors face Monday funding deadline.
Rocket Lab CFO Sells $8.78M in Shares via Pre-Arranged Plan
Rocket Lab CFO Adam Spice sold $8.78 million in shares, but the sale was pre-arranged and his common stake remains unchanged. The move is part of routine option exercise and diversification.