Toll-Road Giant Abertis Just Doubled its Debt to €22 Bn to Pay a Special Dividend to the Companies that Acquired it Last Year by Don Quijones • Mar 12, 2019 • 23 Comments The acquisition created world’s biggest toll-road operator. But it was costly.
All Heck Breaks Loose After Spanish Banks Block Thousands of Accounts with Chinese Names & Folks Can’t Get to Their Money by Don Quijones • Feb 26, 2019 • 51 Comments The banks claim they’re complying with anti-money laundering regulations.
Spanish Grocery Giant Unveils Big Losses, Teeters on Brink of Bankruptcy, after Allegations of Accounting Fraud by Don Quijones • Feb 8, 2019 • 18 Comments What could this mean for one of its big creditors, the ECB?
Uber, Cabify “Evicted” from Barcelona as Turf War with Taxi Drivers Gets Ugly by Don Quijones • Jan 24, 2019 • 27 Comments Will Madrid be next?
Brexit’s Ironic Twists Hit Spain’s Biggest Industry by Don Quijones • Jan 20, 2019 • 60 Comments “Peak Tourism” has already set in. Brits account for 22% of tourists in Spain. Now add Brexit.
Long-Term “Buy & Hold” Crushed Stockholders in Largest Markets Except US & India. But for the US, Luck’s Running Out by Wolf Richter • Jan 1, 2019 • 99 Comments Ugly long-term charts that Wall Street doesn’t want us to see. And now US stocks are infected too.
Multifamily Rentals Were Best Asset Class in 2018 in Spain, But Now Rents Are Heading South by Don Quijones • Dec 20, 2018 • 14 Comments Soaring rents outran tenant wages, which can’t last.
Wall Street Mega-Landlord Blackstone Turns Screw on Spanish Government & Property Market by Don Quijones • Nov 27, 2018 • 45 Comments A lot of money is at stake.
Resurrected Abengoa & Construction Giant OHL Flirt with Collapse by Don Quijones • Nov 17, 2018 • 24 Comments After years of dodgy accounting and mismanagement.
Flip-Flop of Prior Flip-Flop by Spanish Supreme Court Flip-Flops Bank Stocks by Don Quijones • Nov 7, 2018 • 12 Comments There’s nothing like a sympathetic Supreme Court.
