Click here to add
annotations that you
can share with your
colleagues via NOTE.Let’s say you wanted to dig into debt issued by companies in
the leisure sector to see whether you can identify any opportunities
amid the dislocations there. Here’s how you can use the Fixed Income
Worksheet (FIW) and some other Bloomberg tools to do that. (This
article continues a series on using FIW that began with “Using the
Fixed Income Worksheet in Your Analysis: An Introduction.”)- Your holistic credit analysis may start with a look at equity
markets. To chart Six Flags’ performance since last year, run {SIX USGP }. If you’re planning to share some of the relevant
information and add your observations, consider using the annotation
tools. Here you can add a text annotation to highlight SIX’s drastic
price plunge, the almost $50 drop from last August (FIG. 1).
Amid Corona-Cratered Markets, Use FIW
To Look for Opportunities
By STEVEN GEE, MARC KATCHAY, and PRANAV THAKKAR
Cross-Asset Analysis
Fig. 1 To chart Six Flags shares, go to {SIX US <Equity> GP <GO>}.WE’RE ALL HUNKERED DOWN in one way or another, imagining the
ways our life may be changed and wondering when—and if—things
will reset. In addition to the tragic human cost, the slowdown has
been devastating to most businesses. The market damage has
been immense. Especially hard-hit: the travel and leisure sector.
If you live in the New York City area, you may have taken
your kids for a quick thrill-filled summer afternoon at the Six Flags
Great Adventure park in New Jersey. Now, of course, with Covid-19
shutting down crowd-gathering venues, that park remains closed
at least until mid-May. Shares of the operator of the park—Six
Flags Entertainment Corp. in Grand Prairie, Texas—have plunged
because of the uncertainty about the full economic impact of
the pandemic.
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