Finding Misclassified Diamonds
peekbehindthenumbers.substack.com
We have seen several names that are being unfairly punished by the stampede out of the financial sector caused by banks getting caught with too many assets on their balance sheets declining in value. This may be presenting opportunities as solid businesses are being sold off in the chaos. We believe Starwood Property Trust (STWD) is an example of this and we will take a close look at how exposed the company really is to the factors currently impacting the financial sector.