I bought some WeWork bonds with the intention of holding them to maturity.
My thesis:
1) I believe the business is a good one on a per-location basis over medium term.
2) SoftBank is pot committed to success of it.
3) I distrust bandwagons and wanted to short this one.
My thesis:
1) I believe the business is a good one on a per-location basis over medium term.
2) SoftBank is pot committed to success of it.
3) I distrust bandwagons and wanted to short this one.
You probably shouldn't make any investment decision based on what I think, and plausibly I shouldn't either, but I have a small pot of money that I use as substitute World of Warcraft to give myself permission to do the right, boring thing with the rest of the retirement fund.
Anyhow, tagging this thread for a "Hey guys, remember that time I bought those WeWork bonds?" update in May 2025.
(Price on the bonds was about ~98, so as of today I'd be down about ~20% or so, but nothing has happened to materially change my view in last few weeks.)
(Price on the bonds was about ~98, so as of today I'd be down about ~20% or so, but nothing has happened to materially change my view in last few weeks.)
