Tech Data Corporation distributes and markets broadline products, such as notebooks, tablets, desktop systems, printers, supplies, and components, and data center products, including servers, server accessories, networking products, storage hardware, and networking support services. The company was founded in 1974 and is based in Clearwater, Florida.
At the end of February we announced the arrival of the first US recession since 2009 and we predicted that the market will decline by at least 20% in (see why hell is coming). In these volatile markets we scrutinize hedge fund filings to get a reading on which direction each stock might be going. […]
Issuance across the US syndicated loan market plummeted in the second quarter as the asset class navigated a slow recovery from the novel coronavirus that left borrowers scrambling for cash to keep their businesses alive while economies around the world gradually reopen. Companies from beleaguered sectors, including United Airlines and cruise ship operator Carnival Cruise Line, collectively raised billions of US dollars in new, costly loans to bolster liquidity amid a pandemic that forced many consumers to shelter at home throughout the second quarter. The wary buyside limited its exposure to low, Single B rated loans that are subject to fall to Triple C, which is just notches above a default.
Tech Data ([[TECD]]) announced its plans to invest approximately $750M in digital transformation initiatives over the next five years.The investment will accelerate innovation that will enhance experiences and greater agility for businesses across the technology ecosystem."Tech Data’s acquisition by the Apollo funds is a significant milestone, and their support of our...