Twitter has accepted Elon Musk’s hostile $54.20 bid. Now they have to sell billions in pricey & yet likely still underpriced bonds vs already weak ops & truly ugly PF credit quality & dicey prospects.
"Elon didn't so much win Twitter," Vicki Bryan, a credit analyst and CEO of research firm Bond Angle, told Insider. "He may be the bag holder who gets the company no one else wanted to buy, and is much weaker than reported numbers and market pricing suggest."
See why I think so in "Twitter: Take the Money And Run."
Me to @lopezlinette at Business insider:
"Elon didn't so much win Twitter," Vicki Bryan, a credit analyst and CEO of research firm Bond Angle, told Insider. "He may be the bag holder who gets the company no one else wanted to buy, and is much weaker than reported numbers and market pricing suggest."
See why I think so in "Twitter: Take the Money And Run."
Read the the Business Insider story:
https://www.businessinsider.com/elon-musk-twitter-takeover-money-sucking-quagmire-tesla-spacex-debt-2022-4?utmSource=twitter&utmContent=referral&utmTerm=topbar&referrer=twitter
As I projected in "Twitter: Take the Money And Run" (https://bit.ly/3kgAMgf), Elon is already trying to whittle his expensive personal contribution and substantial risk in financing his dicey $TWTR deal by soliciting other people's money: https://twitter.com/VickiBryanBondA/status/1521199694730469377