DRII 7¾ 09/01/23

Diamond Resorts International Inc

Credit, Consumer


Presented:06/08/2018
Price:N/A
Cap:N/A
Current Price:$30.22
Cap:N/A

Presented

Date06/08/2018
PriceN/A
Market CapN/A
Ent ValueN/A
P/E RatioN/A
Book ValueN/A
Div Yield0%
Shares O/SN/A
Ave Daily VolN/A
Short IntN/A

Current

Price$30.22
Market CapN/A

Publicly traded companies mentioned herein: Diamond Resorts International Inc (Private Company w/ Public Debt), Hilton Grand Vacations Inc (HGV), Marriott Vacations Worldwide Corp (VAC)

Highlights

The presenter is bearish on Diamond Resorts (“DR”), as the company faces operational pressures that could lead to declines in EBITDA and further receivables write-offs. He views the timeshare operator as among the worst-in-class, and sees it diverging from positive secular trends around the general timeshare industry; as investors recognize the specific challenges facing Diamond Resorts, its credit could come under pressure. He is short the Sept. ’23 and Sept. ’24 bonds, with 7.75% and 10.75% coupons, respectively.

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Idea Discussion

Commentor 1 - 2 weeks ago

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