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Strategies & Market Trends : Value Investing

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To: Sisyphus who wrote (74780)1/5/2024 6:40:20 PM
From: Spekulatius2 Recommendations

Recommended By
Sean Collett
Sisyphus

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I agree with Sisyphus, that KW is a basket case - a totally over levered POS. I actually held the bonds yielding 10% for a while, but sold since even those seemed risky to me. My guess is that if interest rates remain around current levels, the equity is close to a zero as most of their asset financed mostly with secured debt will have no equity value left. The CEO pulling large salaries just tops it off.
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