$VTY: Bloomberg Opinion making the case that lower mortgage rates and robust UK labor market should drive higher demand for homes and rising housing prices.

@alvarogomezolea @puppyeh1 Here is $MON.V announcement.

@puppyeh1 Sounds like these guys picked up your $MON.V shares

@Cash_Flow_Cap At 9x earnings and 11.5% FCF yield, $CI can miss their growth target and still be a good investment. If they can get close to their target, it'll be a great investment.

The big risk is that $OCSL BV continues to erode due to defaults. That's always a risk with BDCs. It's mitigated by the fact that my cost is at a big discount to BV, Oaktree has shown confidence with its $100 MM purchase at BV, and new incentive fee structure.

Another banger by @AndrewRangeley with @1MainCapital on $IWG. Highlights: 1. $IWG at 7x '25 FCF which is consistent with my napkin math of 14% FCF yield 2. On track for $1 bil EBITDA by '28 (from ~$500 MM) 3. Builder owner survey show high satisfaction

Risk 3: $CI does a dumb acquisition. My thesis is predicated on mgmt using $45 bil of FCF for capital return over the next 5 yrs. If the CEO goes on empire building adventure, I'm out. $CI already tried to buy $HUM in '24 before talks fizzled.