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Tim Travis
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Tim Travis is a veteran deep value investor and money manager. Travis has extensive experience in traditional investments such as stocks and bonds, in addition to having a unique methodology of combining options and distressed investing with value investing to generate income, reduce risk, and... More
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T&T Capital Management
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T&T Capital Management Blog
  • Howard Mark' Oaktree Capital To Invest $225 MM In Diamond Foods-Gurufocus 0 comments
    May 24, 2012 10:39 AM | about stocks: DMND

    What a brilliant investment by Howard Marks. He is getting a 12% annual yield on $225 MM of debt and warrants to buy 4.4 million shares at $10. Even if Diamond Foods (NASDAQ:DMND) goes bankrupt Marks would likely make money by reorganizing the company which would still have its solid brand portfolio. If the company thrives Marks will make a windfall from the warrants. Either way Oaktree will have de facto control over the company.

    http://www.gurufocus.com/news/177756/howard-marks-oaktree-capital-to-invest-225-million-in-diamond-foods

    Stocks: DMND
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