TDG – Base Case iCDS 134bps,
Negative Case iCDS 158bps, 2029 4.875% Bond YTW of 6.901%, iYTW of 6.001%,
B1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
High Refinancing Need...
Read MoreTDG – Base Case iCDS 134bps,
Negative Case iCDS 158bps, 2029 4.875% Bond YTW of 6.901%, iYTW of 6.001%,
B1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
High Refinancing Need...
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SYNA – Synaptics Incorporated
Action: Buy 2029 4.000% Bonds CUSIP: 87157DAG4 (6.570% YTW, 6.020% iYTW)...
PBF – Base Case iCDS 139bps,
Negative Case iCDS 181bps, 2028 6.000% Bond YTW of 6.853%, iYTW of 6.083%,
Ba3 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
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TWI – Titan International Inc.
Action: Buy 2028 7.000% Bonds CUSIP: 88830MAM4 (7.338% YTW, 5.198% iYTW)...
Featured Top Idea
QRTE.A – Qurate Retail, Inc.
Action: Buy 2025 4.450% QVC Bonds CUSIP: 747262AU7 (8.391% YTW, 6.771% iYTW)...
NRG – Base Case CDS 145bps, Base Case iCDS 35bps,
Negative Case iCDS 46bps, 2028 5.750% Bond YTW of 5.936%, iYTW of 4.556%,
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need
...
Read MoreTWI – Base Case iCDS 99bps,
Negative Case 550bps, 2028 7.000% Bond YTW of 7.338%, iYTW of 5.198%,
B1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens,
Low Refinancing Need...
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DVN – Devon Energy Corporation
Action: Buy 2028 5.875% Bonds CUSIP: 25179MBE2 (5.582% YTW, 4.942% iYTW)...
Featured Top Idea
ROST – Ross Stores, Inc.
Action: Buy 2027 4.700% Bonds, CUSIP: 778296AC7 (5.568% YTW, 4.822% iYTW)...
RTE.A – Base Case iCDS 137bps,
Negative Case iCDS 237bps, 2025 4.450% Bond YTW of 8.391%,
iYTW of 6.771%, CCC+ Rating from S&P, XO- (equivalent to BB+) Rating from Valens,
Low Refinancing Need...
Read MoreDVN – Base Case CDS 82bps, Base Case iCDS 62bps,
Negative Case iCDS 78bps, 2028 5.875% Bond YTW of 5.582%, iYTW of 4.942%,
Baa2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
Read MoreZIP – Base Case iCDS 265bps,
Negative Case iCDS 317bps, 2030 5.000% Bond YTW of 7.368%, iYTW of 6.737%,
B1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreSQ – Base Case iCDS 65bps,
Negative Case iCDS 148bps, 2027 0.250% Bond YTW of 5.627%, iYTW of 4.740%,
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need
...
Read MoreCNC – Base Case CDS 126bps, Base Case iCDS 69bps,
Negative Case iCDS 71bps, 2029 4.625% Bond YTW of 5.617%, iYTW of 4.827%,
Ba1 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreROST – Base Case iCDS 43bps,
Negative Case iCDS 48bps, 2027 4.700% Bond YTW of 5.568%, iYTW of 4.822%,
A2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens,
Low Refinancing Need...
Read MoreUBER – CDS 89bps, Base Case iCDS 38bps
Negative Case iCDS 43bps, 2029 4.500% Bond YTW of 5.931%, iYTW of 4.724%
Ba3 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
Read MoreFeatured Top Idea
AMKR – Amkor Technology, Inc.
Action: Buy 2027 6.625% Bonds CUSIP: 031652BK5 (5.931% YTW, 5.201% iYTW)...
Featured Top Idea
RRC – Range Resources Corp
Action: Buy 2029 8.250% Bonds CUSIP: 75281ABJ7 (6.394% YTW, 4.624% iYTW)...
RRC – Base Case CDS 155bps
Base Case iCDS 182bps, Negative Case iCDS 254bps, 2029 8.250% Bond YTW of 6.394%, iYTW of 4.624%
Ba2 Rating from Moody’s, IG4+ (equivalent to Baa1) Rating from Valens
Low Refinancing Need...
Read MoreMSCI – Base Case iCDS 123bps
Negative Case iCDS 149bps, 2029 4.000% Bond YTW of 5.693%, iYTW of 5.553%
Ba1 Rating from Moody’s, IG4 (equivalent to Baa2) Rating from Valens
Low Refinancing Need...
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