Money Stuff: The Podcast Men's Haircuts: SATS, FLUT, APO
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Oct 4, 2024 Katie and Matt dive into the fascinating world of bond haircuts and literal haircuts. They explore the thrilling realm of sports gambling and the risks of single-stock options. A gripping discussion on gambling addiction intertwines serious ethical questions about platform accountability. They also tackle the challenges faced by the satellite TV industry and highlight Apollo's ambitious financial projections. Insights on private investments in retirement accounts add depth to the conversation, contrasting them with public market dynamics.
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DirecTV's Negative Acquisition
- DirecTV is attempting to acquire Dish for a significantly negative amount due to Dish's substantial debt.
- Bondholders must accept a considerable haircut for the deal to proceed.
Declining Satellite TV
- Regulatory concerns surrounding the DirecTV-Dish merger are less significant than in the past, given the decline of satellite television.
- The merger is driven by the companies' struggles in the face of streaming's dominance.
FanDuel Lawsuit
- A former Jacksonville Jaguars employee, Amit Patel, stole $22 million and primarily gambled it away on FanDuel.
- Patel is suing FanDuel for exploiting his gambling addiction, despite having policies against it.