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Current asset prices are not irrational: Howard Marks

Current asset prices not irrational: Howard Marks Many asset prices are fairly priced in terms of earnings yield vs. 10-year Treasury yield 14 HOURS AGO Howard Marks, co-founder and co-chairman of Oaktree Capital Management Many asset prices have skyrocketed to their highest-ever levels as interest rates remain historically low, but that does not mean their current valuations make no sense, said Oaktree Capital Management’s co-founder and co-Chairman Howard Marks. While the possibility of rising rates (and thus lower asset prices) troubles us all, I don’t think it can be said that today’s asset prices are irrational relative to rates, he said in a memo published on July 29.

Sinclair Sells Its 4 Radio Stations To Lotus

Sinclair Sells Its 4 Radio Stations To Lotus KOMO-AM-FM, KPLZ-FM and KVI-AM in Seattle go for $18 million to Los Angeles-based radio group owner Lotus Communications. By Mark K. Miller | June 3, 2021 | 2:07 p.m. ET. Lotus Communications is buying Sinclair Broadcast Group four radio stations all in the Seattle metropolitan area for approximately $18 million in cash and other consideration. The stations are KOMO-AM-FM, KPLZ-FM and KVI-AM. Sinclair bought the stations from Fisher Communications in 2013. Lotus Communications is one of the nation’s largest privately-owned broadcasting companies, founded in 1962 with the acquisition of legendary Spanish station KWKW-AM Los Angeles by its current Chairman Howard Kalmenson. Lotus is based in Los Angeles and owns 44 radio stations concentrated in the Western States as well as a digital marketing entity, and ecommerce sites.

Dr John Fleming - Former Congressman, Navy Officer, White House Official, Joins McKeon Group as Principal

Dr John Fleming - Former Congressman, Navy Officer, White House Official, Joins McKeon Group as Principal
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For Minnesota hotel industry, normal could be a year or more away

For Minnesota hotel industry, normal could be a year or more away Dee DePass, Star Tribune © Star Tribune/Star Tribune/Photos by RENÉE JONES SCHNEIDER • renee.jones@startribune.com/Star Tribune. ‘knock and drop’: Friends Jessica Stoe and Abigail Peterson ate a six-course dinner in a room at the Rand Tower hotel in downtown Minneapolis, a service the hotel started to draw business. Jim Alderman was set to fly from North Carolina to Minnetonka a year ago to start his new role as chief executive of Radisson Hotel Group Americas when the phone rang. I got a call March 10 saying the governor was shutting the state because of COVID, Alderman recalled. So on my very first day as CEO, we closed the [headquarters] office and told everyone to come and take what they needed home.

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